PIMCO Municipal Income Fund (NYSE:PMF) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

PIMCO Municipal Income Fund (NYSE:PMF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.48 and traded as low as $9.24. PIMCO Municipal Income Fund shares last traded at $9.27, with a volume of 49,030 shares trading hands.

PIMCO Municipal Income Fund Stock Down 1.0 %

The stock’s fifty day simple moving average is $9.08 and its two-hundred day simple moving average is $9.48.

PIMCO Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be issued a dividend of $0.042 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.50 annualized dividend and a dividend yield of 5.44%.

Institutional Investors Weigh In On PIMCO Municipal Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new stake in shares of PIMCO Municipal Income Fund in the 3rd quarter valued at about $93,000. Raymond James Financial Inc. bought a new position in shares of PIMCO Municipal Income Fund in the fourth quarter valued at approximately $185,000. Hennion & Walsh Asset Management Inc. bought a new stake in PIMCO Municipal Income Fund during the third quarter worth approximately $211,000. Virtu Financial LLC purchased a new stake in shares of PIMCO Municipal Income Fund in the 4th quarter valued at approximately $226,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in PIMCO Municipal Income Fund in the 4th quarter worth approximately $230,000.

PIMCO Municipal Income Fund Company Profile

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.