PIMCO Municipal Income Fund (NYSE:PMF) Share Price Passes Below 200-Day Moving Average – Should You Sell?

PIMCO Municipal Income Fund (NYSE:PMF) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.45 and traded as low as $9.05. PIMCO Municipal Income Fund shares last traded at $9.08, with a volume of 30,751 shares traded.

PIMCO Municipal Income Fund Trading Up 0.2 %

The business’s 50-day moving average price is $9.05 and its two-hundred day moving average price is $9.45.

PIMCO Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.042 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.55%.

Insider Transactions at PIMCO Municipal Income Fund

In related news, major shareholder Of America Corp /De/ Bank acquired 24,110 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of $9.02 per share, with a total value of $217,472.20. Following the transaction, the insider now owns 24,110 shares of the company’s stock, valued at $217,472.20. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 25,505 shares of company stock valued at $230,140 over the last three months.

Institutional Investors Weigh In On PIMCO Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in PMF. Elequin Capital LP acquired a new stake in PIMCO Municipal Income Fund in the 4th quarter valued at $31,000. Citadel Advisors LLC acquired a new stake in PIMCO Municipal Income Fund in the 4th quarter valued at $99,000. Raymond James Financial Inc. acquired a new stake in PIMCO Municipal Income Fund in the 4th quarter valued at $185,000. Uniting Wealth Partners LLC acquired a new stake in PIMCO Municipal Income Fund in the 4th quarter valued at $188,000. Finally, Virtu Financial LLC acquired a new stake in PIMCO Municipal Income Fund in the 4th quarter valued at $226,000.

About PIMCO Municipal Income Fund

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.