Pimco CA Municipal Income Fund (NYSE:PCQ) Stock Crosses Above 50-Day Moving Average of $19.14

Pimco CA Municipal Income Fund (NYSE:PCQ) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.14 and traded as high as $19.20. Pimco CA Municipal Income Fund shares last traded at $19.06, with a volume of 23,008 shares trading hands.

The company’s 50 day moving average price is $19.12 and its two-hundred day moving average price is $19.67.

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 13th will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, February 12th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley raised its stake in shares of Pimco CA Municipal Income Fund by 131.3% in the second quarter. Morgan Stanley now owns 255,377 shares of the investment management company’s stock valued at $4,768,000 after acquiring an additional 144,944 shares during the period. D.A. Davidson & CO. increased its stake in Pimco CA Municipal Income Fund by 11.5% in the 3rd quarter. D.A. Davidson & CO. now owns 208,403 shares of the investment management company’s stock worth $4,101,000 after buying an additional 21,471 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Pimco CA Municipal Income Fund by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 85,260 shares of the investment management company’s stock worth $1,693,000 after buying an additional 2,918 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Pimco CA Municipal Income Fund by 7.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 59,810 shares of the investment management company’s stock worth $1,187,000 after buying an additional 4,150 shares during the period. Finally, Mechanics Bank Trust Department increased its stake in Pimco CA Municipal Income Fund by 1.2% in the 4th quarter. Mechanics Bank Trust Department now owns 56,950 shares of the investment management company’s stock worth $1,131,000 after buying an additional 700 shares during the period.

Pimco CA Municipal Income Fund Company Profile (NYSE:PCQ)

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.

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