PIMCO California Municipal Income Fund (NYSE:PCQ) Stock Price Crosses Below Two Hundred Day Moving Average of $9.16

PIMCO California Municipal Income Fund (NYSE:PCQ)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.16 and traded as low as $9.12. PIMCO California Municipal Income Fund shares last traded at $9.25, with a volume of 93,184 shares trading hands.

PIMCO California Municipal Income Fund Price Performance

The firm has a 50-day moving average price of $9.38 and a 200 day moving average price of $9.16.

PIMCO California Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be given a $0.036 dividend. This represents a $0.43 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Wednesday, April 10th.

Hedge Funds Weigh In On PIMCO California Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. grew its position in shares of PIMCO California Municipal Income Fund by 214.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 103,457 shares of the investment management company’s stock valued at $968,000 after purchasing an additional 70,550 shares during the last quarter. Mechanics Bank Trust Department bought a new stake in shares of PIMCO California Municipal Income Fund in the first quarter valued at approximately $104,000. Nomura Holdings Inc. bought a new stake in shares of PIMCO California Municipal Income Fund in the fourth quarter valued at approximately $97,000. Royal Bank of Canada boosted its stake in shares of PIMCO California Municipal Income Fund by 10.2% in the fourth quarter. Royal Bank of Canada now owns 50,672 shares of the investment management company’s stock valued at $472,000 after buying an additional 4,700 shares during the period. Finally, Fiera Capital Corp bought a new stake in shares of PIMCO California Municipal Income Fund in the fourth quarter valued at approximately $3,614,000.

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.