PIMCO California Municipal Income Fund (NYSE:PCQ) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

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 $9.52 and traded as low as $9.16. PIMCO California Municipal Income Fund shares last traded at $9.21, with a volume of 28,010 shares traded.

PIMCO California Municipal Income Fund Stock Performance

The firm has a 50-day moving average price of $9.09 and a 200 day moving average price of $9.52.

PIMCO California Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be paid a $0.036 dividend. This represents a $0.43 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Trading of PIMCO California Municipal Income Fund

Several hedge funds have recently modified their holdings of the stock. Saba Capital Management L.P. acquired a new stake in shares of PIMCO California Municipal Income Fund in the fourth quarter valued at $150,000. Nomura Holdings Inc. acquired a new stake in shares of PIMCO California Municipal Income Fund in the fourth quarter valued at $271,000. Logan Stone Capital LLC raised its stake in shares of PIMCO California Municipal Income Fund by 11.6% in the fourth quarter. Logan Stone Capital LLC now owns 115,951 shares of the investment management company’s stock valued at $1,048,000 after acquiring an additional 12,092 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of PIMCO California Municipal Income Fund in the fourth quarter valued at $253,000. Finally, Wedbush Securities Inc. raised its stake in shares of PIMCO California Municipal Income Fund by 12.3% in the fourth quarter. Wedbush Securities Inc. now owns 29,044 shares of the investment management company’s stock valued at $263,000 after acquiring an additional 3,192 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.