Pimco CA Municipal Income Fund (NYSE:PCQ) Shares Cross Below 50-Day Moving Average of $19.57

Shares of Pimco CA Municipal Income Fund (NYSE:PCQ) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $19.57 and traded as low as $19.68. Pimco CA Municipal Income Fund shares last traded at $19.68, with a volume of 100 shares.

The firm has a fifty day moving average of $19.57 and a 200-day moving average of $18.84.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $0.077 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.92 annualized dividend and a yield of 4.69%.

A number of hedge funds have recently modified their holdings of PCQ. NEXT Financial Group Inc acquired a new position in Pimco CA Municipal Income Fund during the second quarter worth $39,000. Weaver Consulting Group acquired a new position in shares of Pimco CA Municipal Income Fund in the first quarter worth $57,000. First Allied Advisory Services Inc. acquired a new position in shares of Pimco CA Municipal Income Fund in the second quarter worth $249,000. HCR Wealth Advisors raised its holdings in shares of Pimco CA Municipal Income Fund by 16.5% in the second quarter. HCR Wealth Advisors now owns 19,050 shares of the investment management company’s stock worth $356,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Pimco CA Municipal Income Fund by 2.3% in the second quarter. Cetera Investment Advisers now owns 26,983 shares of the investment management company’s stock worth $504,000 after acquiring an additional 600 shares during the last quarter.

About Pimco CA Municipal Income Fund (NYSE:PCQ)

PIMCO California Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

Featured Story: What are retained earnings?

Receive News & Ratings for Pimco CA Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco CA Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.