PIMCO California Municipal Income Fund (NYSE:PCQ) Stock Passes Below 200 Day Moving Average of $9.19

PIMCO California Municipal Income Fund (NYSE:PCQ)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.19 and traded as low as $9.03. PIMCO California Municipal Income Fund shares last traded at $9.04, with a volume of 109,699 shares changing hands.

PIMCO California Municipal Income Fund Stock Down 0.1 %

The company’s fifty day simple moving average is $9.34 and its two-hundred day simple moving average is $9.20.

PIMCO California Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be issued a $0.036 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $0.43 annualized dividend and a yield of 4.78%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PCQ. Financial Advocates Investment Management bought a new position in shares of PIMCO California Municipal Income Fund during the third quarter worth approximately $168,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of PIMCO California Municipal Income Fund during the third quarter worth approximately $109,000. Melfa Wealth Management LLC increased its holdings in shares of PIMCO California Municipal Income Fund by 152.9% during the third quarter. Melfa Wealth Management LLC now owns 138,418 shares of the investment management company’s stock worth $1,154,000 after purchasing an additional 83,690 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of PIMCO California Municipal Income Fund by 25.2% during the third quarter. Wolverine Asset Management LLC now owns 131,474 shares of the investment management company’s stock worth $1,096,000 after purchasing an additional 26,503 shares during the period. Finally, Bramshill Investments LLC bought a new position in shares of PIMCO California Municipal Income Fund during the third quarter worth approximately $208,000.

About PIMCO California Municipal Income Fund

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.