PIMCO California Municipal Income Fund (NYSE:PCQ) Stock Passes Below 200 Day Moving Average – Here’s What Happened

PIMCO California Municipal Income Fund (NYSE:PCQGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.86 and traded as low as $8.39. PIMCO California Municipal Income Fund shares last traded at $8.43, with a volume of 79,322 shares changing hands.

PIMCO California Municipal Income Fund Price Performance

The firm has a 50-day simple moving average of $8.49 and a 200 day simple moving average of $8.86.

PIMCO California Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be given a $0.036 dividend. This represents a $0.43 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Thursday, June 12th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PCQ. Almitas Capital LLC purchased a new position in PIMCO California Municipal Income Fund in the first quarter valued at about $1,810,000. Advisors Asset Management Inc. grew its stake in shares of PIMCO California Municipal Income Fund by 30.5% during the fourth quarter. Advisors Asset Management Inc. now owns 527,275 shares of the investment management company’s stock valued at $4,767,000 after acquiring an additional 123,183 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of PIMCO California Municipal Income Fund during the fourth quarter valued at about $485,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of PIMCO California Municipal Income Fund by 15.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 327,724 shares of the investment management company’s stock valued at $2,900,000 after acquiring an additional 44,183 shares in the last quarter. Finally, AQR Arbitrage LLC acquired a new stake in shares of PIMCO California Municipal Income Fund during the first quarter valued at about $362,000.

PIMCO California Municipal Income Fund Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for PIMCO California Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO California Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.