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

PIMCO California Municipal Income Fund (NYSE:PCQ)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

PIMCO California Municipal Income Fund Price Performance

The firm has a 50-day simple moving average of $9.39 and a 200 day simple moving average of $9.16.

PIMCO California Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be given a $0.036 dividend. This represents a $0.43 annualized dividend and a yield of 4.67%. The ex-dividend date is Wednesday, April 10th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its position in PIMCO California Municipal Income Fund by 1.1% in the second quarter. Osaic Holdings Inc. now owns 95,753 shares of the investment management company’s stock valued at $938,000 after purchasing an additional 1,086 shares during the period. Advisory Services Network LLC raised its position in PIMCO California Municipal Income Fund by 76.5% in the first quarter. Advisory Services Network LLC now owns 2,632 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 1,141 shares during the period. Wells Fargo & Company MN raised its position in PIMCO California Municipal Income Fund by 13.1% in the fourth quarter. Wells Fargo & Company MN now owns 15,334 shares of the investment management company’s stock valued at $231,000 after purchasing an additional 1,775 shares during the period. ICA Group Wealth Management LLC purchased a new position in PIMCO California Municipal Income Fund in the fourth quarter valued at about $27,000. Finally, Resurgent Financial Advisors LLC purchased a new position in PIMCO California Municipal Income Fund in the fourth quarter valued at about $28,000.

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.