PIMCO California Municipal Income Fund (NYSE:PCQ) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

PIMCO California Municipal Income Fund (NYSE:PCQ) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.49 and traded as low as $9.03. PIMCO California Municipal Income Fund shares last traded at $9.05, with a volume of 40,483 shares trading hands.

PIMCO California Municipal Income Fund Stock Down 0.4 %

The firm has a fifty day moving average of $9.10 and a two-hundred day moving average of $9.49.

PIMCO California Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.036 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.43 annualized dividend and a dividend yield of 4.77%.

Institutional Investors Weigh In On PIMCO California Municipal Income Fund

A number of large investors have recently bought and sold shares of PCQ. Logan Stone Capital LLC lifted its position in shares of PIMCO California Municipal Income Fund by 11.6% during the 4th quarter. Logan Stone Capital LLC now owns 115,951 shares of the investment management company’s stock valued at $1,048,000 after buying an additional 12,092 shares in the last quarter. LPL Financial LLC boosted its holdings in 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 valued at $900,000 after acquiring an additional 2,635 shares during the period. Wedbush Securities Inc. boosted its stake in shares of PIMCO California Municipal Income Fund by 12.3% in the 4th quarter. Wedbush Securities Inc. now owns 29,044 shares of the investment management company’s stock valued at $263,000 after buying an additional 3,192 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of PIMCO California Municipal Income Fund during the 4th quarter worth about $485,000. Finally, Advisors Asset Management Inc. raised 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 worth $4,767,000 after acquiring an additional 123,183 shares in the last quarter.

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.