PIMCO California Municipal Income Fund (NYSE:PCQ) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

PIMCO California Municipal Income Fund (NYSE:PCQGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.81 and traded as low as $8.73. PIMCO California Municipal Income Fund shares last traded at $8.7430, with a volume of 142,678 shares changing hands.

PIMCO California Municipal Income Fund Trading Up 0.3%

The stock has a 50-day moving average price of $8.80 and a 200 day moving average price of $8.81.

PIMCO California Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a dividend of $0.036 per share. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its position in shares of PIMCO California Municipal Income Fund by 8.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 136,497 shares of the investment management company’s stock worth $1,192,000 after buying an additional 10,366 shares during the period. Financially in Tune LLC acquired a new stake in PIMCO California Municipal Income Fund in the 4th quarter valued at approximately $262,000. Sit Investment Associates Inc. lifted its stake in PIMCO California Municipal Income Fund by 28.7% in the 4th quarter. Sit Investment Associates Inc. now owns 391,540 shares of the investment management company’s stock valued at $3,418,000 after acquiring an additional 87,303 shares in the last quarter. Ackerman Capital Advisors LLC boosted its position in PIMCO California Municipal Income Fund by 36.6% during the 4th quarter. Ackerman Capital Advisors LLC now owns 60,251 shares of the investment management company’s stock worth $526,000 after acquiring an additional 16,134 shares during the last quarter. Finally, Closed End Fund Advisors Inc. bought a new position in shares of PIMCO California Municipal Income Fund during the 4th quarter worth approximately $841,000.

About PIMCO California Municipal Income Fund

(Get Free Report)

PIMCO California Municipal Income Fund (NYSE: PCQ) is a closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. The fund primarily invests in a diversified portfolio of municipal securities issued by entities within the State of California, with an emphasis on credit quality and income generation. Its strategy is designed to appeal to investors seeking tax-advantaged yields alongside professional portfolio management.

The fund generally allocates at least 80% of its total assets to municipal securities that are of investment grade or higher, covering a broad spectrum of sectors such as transportation, utilities, education, health care and local government obligations.

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