PIMCO California Municipal Income Fund (NYSE:PCQ) Stock Crosses Below Two Hundred Day Moving Average of $9.19

PIMCO California Municipal Income Fund (NYSE:PCQ) shares 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 traded.

PIMCO California Municipal Income Fund Trading Down 0.1 %

The company has a fifty day simple moving average of $9.34 and a 200 day simple moving average of $9.19.

PIMCO California Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be paid a $0.036 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Wednesday, April 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Robinson Capital Management LLC lifted its stake in shares of PIMCO California Municipal Income Fund by 1.9% in the 3rd quarter. Robinson Capital Management LLC now owns 223,348 shares of the investment management company’s stock valued at $1,865,000 after purchasing an additional 4,263 shares during the period. Nomura Holdings Inc. acquired a new position in shares of PIMCO California Municipal Income Fund in the 4th quarter valued at about $97,000. Mechanics Bank Trust Department acquired a new position in shares of PIMCO California Municipal Income Fund in the 1st quarter valued at about $104,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of PIMCO California Municipal Income Fund in the 3rd quarter valued at about $109,000. Finally, Financial Advocates Investment Management acquired a new position in shares of PIMCO California Municipal Income Fund in the 3rd quarter valued at about $168,000.

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.