Pimco CA Municipal Income Fund (NYSE:PCQ)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $19.25 and traded as high as $19.25. Pimco CA Municipal Income Fund shares last traded at $19.20, with a volume of 14,758 shares trading hands.

The company has a 50-day moving average of $19.20 and a 200-day moving average of $19.67.

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 13th will be given a dividend of $0.065 per share. This represents a $0.78 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Wednesday, February 12th.

A number of large investors have recently made changes to their positions in the stock. Mechanics Bank Trust Department increased its position in Pimco CA Municipal Income Fund by 1.2% during the 4th quarter. Mechanics Bank Trust Department now owns 56,950 shares of the investment management company’s stock valued at $1,131,000 after buying an additional 700 shares in the last quarter. First Allied Advisory Services Inc. increased its position in Pimco CA Municipal Income Fund by 7.8% during the 3rd quarter. First Allied Advisory Services Inc. now owns 14,370 shares of the investment management company’s stock valued at $283,000 after buying an additional 1,044 shares in the last quarter. CWM LLC acquired a new position in Pimco CA Municipal Income Fund during the 4th quarter valued at about $40,000. Commonwealth Equity Services LLC increased its position in Pimco CA Municipal Income Fund by 8.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 31,883 shares of the investment management company’s stock valued at $627,000 after buying an additional 2,561 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Pimco CA Municipal Income Fund by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 85,260 shares of the investment management company’s stock valued at $1,693,000 after buying an additional 2,918 shares in the last quarter.

About Pimco CA Municipal Income Fund (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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