Shares of Pimco CA Municipal Income Fund (NYSE:PCQ) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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.

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

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

A number of hedge funds have recently modified their holdings of the business. Mechanics Bank Trust Department boosted its position in Pimco CA Municipal Income Fund by 1.2% during the fourth quarter. Mechanics Bank Trust Department now owns 56,950 shares of the investment management company’s stock worth $1,131,000 after purchasing an additional 700 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in Pimco CA Municipal Income Fund by 7.8% during the third quarter. First Allied Advisory Services Inc. now owns 14,370 shares of the investment management company’s stock worth $283,000 after purchasing an additional 1,044 shares in the last quarter. CWM LLC purchased a new position in Pimco CA Municipal Income Fund during the fourth quarter worth approximately $40,000. Commonwealth Equity Services LLC boosted its position in Pimco CA Municipal Income Fund by 8.7% during the third quarter. Commonwealth Equity Services LLC now owns 31,883 shares of the investment management company’s stock worth $627,000 after purchasing an additional 2,561 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Pimco CA Municipal Income Fund by 3.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 85,260 shares of the investment management company’s stock worth $1,693,000 after purchasing 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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