PIMCO California Municipal Income Fund (NYSE:PCQ) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

PIMCO California Municipal Income Fund (NYSE:PCQ)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.82 and traded as low as $8.72. PIMCO California Municipal Income Fund shares last traded at $8.77, with a volume of 183,302 shares traded.

PIMCO California Municipal Income Fund Trading Down 0.3%

The business’s fifty day moving average is $8.81 and its two-hundred day moving average is $8.82.

PIMCO California Municipal Income Fund Announces Dividend

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

Institutional Trading of PIMCO California Municipal Income Fund

A number of large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC purchased a new position in PIMCO California Municipal Income Fund during the 4th quarter worth $27,000. Elyxium Wealth LLC purchased a new stake in shares of PIMCO California Municipal Income Fund in the 4th quarter worth $43,000. Farther Finance Advisors LLC lifted its holdings in shares of PIMCO California Municipal Income Fund by 107.6% in the 4th quarter. Farther Finance Advisors LLC now owns 6,464 shares of the investment management company’s stock worth $56,000 after buying an additional 3,350 shares during the period. Baird Financial Group Inc. bought a new position in shares of PIMCO California Municipal Income Fund during the 2nd quarter worth $87,000. Finally, Creative Planning bought a new position in shares of PIMCO California Municipal Income Fund during the 2nd quarter worth $104,000.

PIMCO California Municipal Income Fund Company Profile

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.