PIMCO Municipal Income Fund (NYSE:PMF) Shares Pass Below 200 Day Moving Average of $9.08

PIMCO Municipal Income Fund (NYSE:PMF)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.08 and traded as low as $8.92. PIMCO Municipal Income Fund shares last traded at $8.92, with a volume of 66,318 shares.

PIMCO Municipal Income Fund Price Performance

The stock’s fifty day simple moving average is $9.35 and its 200 day simple moving average is $9.08.

PIMCO Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be issued a $0.042 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $0.50 dividend on an annualized basis and a yield of 5.65%.

Hedge Funds Weigh In On PIMCO Municipal Income Fund

Large investors have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in shares of PIMCO Municipal Income Fund during the fourth quarter valued at about $30,000. Wolverine Asset Management LLC acquired a new position in shares of PIMCO Municipal Income Fund during the third quarter valued at about $29,000. US Bancorp DE increased its holdings in shares of PIMCO Municipal Income Fund by 159.9% during the fourth quarter. US Bancorp DE now owns 5,315 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 3,270 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of PIMCO Municipal Income Fund during the second quarter valued at about $98,000. Finally, Cerity Partners LLC acquired a new position in shares of PIMCO Municipal Income Fund during the first quarter valued at about $104,000.

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.