PIMCO California Municipal Income Fund (NYSE:PCQ) Stock Price Crosses Below Two Hundred Day Moving Average of $9.16

Shares of PIMCO California Municipal Income Fund (NYSE:PCQ) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.16 and traded as low as $9.12. PIMCO California Municipal Income Fund shares last traded at $9.25, with a volume of 93,184 shares trading hands.

PIMCO California Municipal Income Fund Stock Performance

The company’s 50-day moving average price is $9.38 and its 200 day moving average price is $9.16.

PIMCO California Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be issued a $0.036 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.43 dividend on an annualized basis and a yield of 4.74%.

Institutional Trading of PIMCO California Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. ICA Group Wealth Management LLC bought a new stake in PIMCO California Municipal Income Fund in the 4th quarter valued at $27,000. Resurgent Financial Advisors LLC bought a new stake in PIMCO California Municipal Income Fund in the 4th quarter valued at $28,000. Advisory Services Network LLC increased its holdings in PIMCO California Municipal Income Fund by 76.5% in the 1st quarter. Advisory Services Network LLC now owns 2,632 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 1,141 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in PIMCO California Municipal Income Fund in the 3rd quarter valued at $31,000. Finally, Bank of America Corp DE increased its holdings in PIMCO California Municipal Income Fund by 69.9% in the 1st quarter. Bank of America Corp DE now owns 9,675 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 3,981 shares during the last quarter.

PIMCO California Municipal Income Fund Company Profile

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.