PIMCO California Municipal Income Fund (NYSE:PCQ) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

PIMCO California Municipal Income Fund (NYSE:PCQ)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.84 and traded as low as $8.56. PIMCO California Municipal Income Fund shares last traded at $8.57, with a volume of 135,032 shares.

PIMCO California Municipal Income Fund Stock Up 0.1%

The stock’s 50 day moving average is $8.83 and its two-hundred day moving average is $8.84.

PIMCO California Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be paid a dividend of $0.036 per share. The ex-dividend date is Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Institutional Trading of PIMCO California Municipal Income Fund

Hedge funds have recently bought and sold shares of the stock. Western Wealth Management LLC bought a new stake in PIMCO California Municipal Income Fund during the 1st quarter valued at $244,000. Rivernorth Capital Management LLC raised its position in shares of PIMCO California Municipal Income Fund by 2.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 2,512,000 shares of the investment management company’s stock worth $21,553,000 after acquiring an additional 64,938 shares in the last quarter. Whitebox Advisors LLC raised its position in shares of PIMCO California Municipal Income Fund by 45.5% in the 1st quarter. Whitebox Advisors LLC now owns 284,471 shares of the investment management company’s stock worth $2,441,000 after acquiring an additional 88,995 shares in the last quarter. Altium Capital Management LLC lifted its stake in shares of PIMCO California Municipal Income Fund by 28.6% during the 1st quarter. Altium Capital Management LLC now owns 333,093 shares of the investment management company’s stock worth $2,858,000 after purchasing an additional 74,001 shares during the last quarter. Finally, Granite Investment Partners LLC purchased a new stake in shares of PIMCO California Municipal Income Fund during the 1st quarter worth $104,000.

About PIMCO California Municipal Income Fund

PIMCO California Municipal Income Fund (NYSE: PCQ) is a closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued by entities within the State of California, with an emphasis on credit quality and income generation. Its strategy is designed to appeal to investors seeking tax-advantaged yields alongside professional portfolio management.

The fund generally allocates at least 80% of its total assets to municipal securities that are of investment grade or higher, covering a broad spectrum of sectors such as transportation, utilities, education, health care and local government obligations.