PIMCO Municipal Income Fund (NYSE:PMF) Shares Pass Below 200-Day Moving Average of $9.28

PIMCO Municipal Income Fund (NYSE:PMFGet Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.28 and traded as low as $9.20. PIMCO Municipal Income Fund shares last traded at $9.23, with a volume of 43,297 shares traded.

PIMCO Municipal Income Fund Stock Performance

The business’s 50 day moving average is $9.17 and its 200 day moving average is $9.28.

PIMCO Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Thursday, July 11th will be given a dividend of $0.042 per share. The ex-dividend date is Thursday, July 11th. This represents a $0.50 annualized dividend and a dividend yield of 5.46%.

Institutional Investors Weigh In On PIMCO Municipal Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in shares of PIMCO Municipal Income Fund in the 4th quarter valued at $30,000. Wolverine Asset Management LLC lifted its holdings in shares of PIMCO Municipal Income Fund by 169.6% in the 4th quarter. Wolverine Asset Management LLC now owns 9,377 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 5,899 shares during the last quarter. ACT Advisors LLC. acquired a new stake in shares of PIMCO Municipal Income Fund in the 4th quarter valued at about $146,000. EWG Elevate Inc. grew its stake in PIMCO Municipal Income Fund by 15.6% during the 4th quarter. EWG Elevate Inc. now owns 16,311 shares of the financial services provider’s stock worth $152,000 after buying an additional 2,200 shares during the last quarter. Finally, Summit X LLC increased its position in PIMCO Municipal Income Fund by 6.2% during the fourth quarter. Summit X LLC now owns 20,248 shares of the financial services provider’s stock worth $189,000 after buying an additional 1,188 shares during the period.

PIMCO Municipal Income Fund Company Profile

(Get Free Report)

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.

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