PIMCO Municipal Income Fund (NYSE:PMF) Shares Pass Below Two Hundred Day Moving Average of $9.08

PIMCO Municipal Income Fund (NYSE:PMF)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.08 and traded as low as $8.92. PIMCO Municipal Income Fund shares last traded at $8.92, with a volume of 66,318 shares traded.

PIMCO Municipal Income Fund Stock Performance

The stock has a 50-day moving average price of $9.36 and a two-hundred day moving average price of $9.08.

PIMCO Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be given a dividend of $0.042 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.65%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PMF. Wolverine Asset Management LLC purchased a new position in shares of PIMCO Municipal Income Fund during the 3rd quarter valued at about $29,000. Principal Securities Inc. purchased a new position in shares of PIMCO Municipal Income Fund during the 4th quarter valued at about $30,000. US Bancorp DE lifted its position in shares of PIMCO Municipal Income Fund by 159.9% during the 4th quarter. US Bancorp DE now owns 5,315 shares of the financial services provider’s stock valued at $50,000 after buying an additional 3,270 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of PIMCO Municipal Income Fund during the 2nd quarter valued at about $98,000. Finally, Cerity Partners LLC purchased a new position in PIMCO Municipal Income Fund in the 1st quarter worth approximately $104,000.

PIMCO Municipal Income Fund Company Profile

PIMCO 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 the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.