PIMCO Municipal Income Fund (NYSE:PMF) Share Price Crosses Below 200 Day Moving Average – What’s Next?

PIMCO Municipal Income Fund (NYSE:PMF)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.42 and traded as low as $8.81. PIMCO Municipal Income Fund shares last traded at $8.92, with a volume of 45,912 shares changing hands.

PIMCO Municipal Income Fund Trading Up 0.2 %

The business has a fifty day moving average of $9.05 and a 200 day moving average of $9.42.

PIMCO Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.042 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend is Thursday, March 13th.

Insider Activity at PIMCO Municipal Income Fund

In related news, major shareholder Of America Corp /De/ Bank acquired 24,110 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $9.02 per share, for a total transaction of $217,472.20. Following the purchase, the insider now owns 24,110 shares of the company’s stock, valued at $217,472.20. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 25,505 shares of company stock worth $230,140 in the last three months.

Hedge Funds Weigh In On PIMCO Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Elequin Capital LP purchased a new position in shares of PIMCO Municipal Income Fund in the 4th quarter valued at about $31,000. Citadel Advisors LLC purchased a new position in shares of PIMCO Municipal Income Fund in the 4th quarter valued at about $99,000. Captrust Financial Advisors boosted its stake in shares of PIMCO Municipal Income Fund by 13.5% in the 4th quarter. Captrust Financial Advisors now owns 264,584 shares of the financial services provider’s stock valued at $2,376,000 after buying an additional 31,456 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of PIMCO Municipal Income Fund by 9.2% in the 4th quarter. Ameriprise Financial Inc. now owns 209,366 shares of the financial services provider’s stock valued at $1,880,000 after buying an additional 17,674 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of PIMCO Municipal Income Fund by 77.1% in the 4th quarter. Guggenheim Capital LLC now owns 556,410 shares of the financial services provider’s stock valued at $4,997,000 after buying an additional 242,308 shares during the period.

PIMCO Municipal Income Fund Company Profile

PIMCO 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 the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.