PIMCO California Municipal Income Fund (NYSE:PCQ) Shares Pass Below 200 Day Moving Average – What’s Next?

PIMCO California Municipal Income Fund (NYSE:PCQ)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.41 and traded as low as $8.87. PIMCO California Municipal Income Fund shares last traded at $8.92, with a volume of 64,707 shares.

PIMCO California Municipal Income Fund Trading Up 0.7 %

The firm’s 50-day moving average price is $9.08 and its 200-day moving average price is $9.41.

PIMCO California Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were paid a dividend of $0.036 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.43 annualized dividend and a yield of 4.85%.

Institutional Investors Weigh In On PIMCO California Municipal Income Fund

Several institutional investors have recently modified their holdings of PCQ. Advisors Asset Management Inc. increased its position in shares of PIMCO California Municipal Income Fund by 30.5% during the 4th quarter. Advisors Asset Management Inc. now owns 527,275 shares of the investment management company’s stock valued at $4,767,000 after purchasing an additional 123,183 shares during the last quarter. Rivernorth Capital Management LLC raised its stake in shares of PIMCO California Municipal Income Fund by 40.3% in the third quarter. Rivernorth Capital Management LLC now owns 330,170 shares of the investment management company’s stock valued at $3,288,000 after acquiring an additional 94,829 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of PIMCO California Municipal Income Fund by 24.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 283,541 shares of the investment management company’s stock worth $2,563,000 after acquiring an additional 56,300 shares during the last quarter. Logan Stone Capital LLC lifted its holdings in shares of PIMCO California Municipal Income Fund by 11.6% in the 4th quarter. Logan Stone Capital LLC now owns 115,951 shares of the investment management company’s stock worth $1,048,000 after acquiring an additional 12,092 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of PIMCO California Municipal Income Fund by 2.7% during the 4th quarter. LPL Financial LLC now owns 99,513 shares of the investment management company’s stock worth $900,000 after purchasing an additional 2,635 shares during the period.

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.