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) crossed 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 business has a 50-day moving average of $9.39 and a 200-day moving average of $9.16.

PIMCO California Municipal Income Fund Dividend Announcement

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

Institutional Trading of PIMCO California Municipal Income Fund

Large investors have recently made changes to their positions in the company. Morgan Stanley raised its stake in PIMCO California Municipal Income Fund by 0.7% during the 4th quarter. Morgan Stanley now owns 552,651 shares of the investment management company’s stock valued at $8,328,000 after acquiring an additional 3,975 shares during the last quarter. Fiera Capital Corp purchased a new stake in PIMCO California Municipal Income Fund during the 4th quarter valued at approximately $3,614,000. Robinson Capital Management LLC raised its stake in PIMCO California Municipal Income Fund by 1.9% during the 3rd quarter. Robinson Capital Management LLC now owns 223,348 shares of the investment management company’s stock valued at $1,865,000 after acquiring an additional 4,263 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in PIMCO California Municipal Income Fund during the 4th quarter valued at approximately $2,004,000. Finally, Williams & Novak LLC purchased a new stake in PIMCO California Municipal Income Fund during the 4th quarter valued at approximately $2,002,000.

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.