PIMCO Municipal Income Fund (NYSE:PMF) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of PIMCO Municipal Income Fund (NYSE:PMF) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.19 and traded as low as $7.71. PIMCO Municipal Income Fund shares last traded at $7.78, with a volume of 94,852 shares trading hands.

PIMCO Municipal Income Fund Price Performance

The company has a 50-day simple moving average of $7.81 and a two-hundred day simple moving average of $8.19.

PIMCO Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, July 24th. Investors of record on Friday, July 11th were issued a dividend of $0.042 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Friday, July 11th.

Insider Activity at PIMCO Municipal Income Fund

In other PIMCO Municipal Income Fund news, major shareholder Of America Corp /De/ Bank bought 38,169 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was bought at an average price of $7.95 per share, for a total transaction of $303,443.55. Following the completion of the acquisition, the insider directly owned 38,169 shares in the company, valued at $303,443.55. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On PIMCO Municipal Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PMF. Financial Gravity Companies Inc. purchased a new stake in PIMCO Municipal Income Fund in the second quarter worth $27,000. Financial Gravity Asset Management Inc. purchased a new stake in PIMCO Municipal Income Fund in the first quarter worth $30,000. Elequin Capital LP purchased a new stake in PIMCO Municipal Income Fund in the fourth quarter worth $31,000. Williams & Novak LLC purchased a new stake in PIMCO Municipal Income Fund in the second quarter worth $80,000. Finally, Centaurus Financial Inc. purchased a new stake in PIMCO Municipal Income Fund in the second quarter worth $80,000.

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.