PIMCO California Municipal Income Fund (NYSE:PCQ) Shares Cross Below 200 Day Moving Average – Should You Sell?

PIMCO California Municipal Income Fund (NYSE:PCQ) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.84 and traded as low as $8.56. PIMCO California Municipal Income Fund shares last traded at $8.57, with a volume of 135,032 shares traded.

PIMCO California Municipal Income Fund Stock Performance

The business has a 50 day moving average of $8.83 and a two-hundred day moving average of $8.84.

PIMCO California Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a $0.036 dividend. The ex-dividend date is Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

Institutional Trading of PIMCO California Municipal Income Fund

A number of institutional investors have recently modified their holdings of PCQ. Royal Bank of Canada grew its position in shares of PIMCO California Municipal Income Fund by 4.1% in the 4th quarter. Royal Bank of Canada now owns 38,821 shares of the investment management company’s stock worth $339,000 after buying an additional 1,545 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in PIMCO California Municipal Income Fund by 6.8% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 28,713 shares of the investment management company’s stock valued at $251,000 after acquiring an additional 1,831 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its position in PIMCO California Municipal Income Fund by 1.1% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 221,201 shares of the investment management company’s stock valued at $1,931,000 after acquiring an additional 2,458 shares during the last quarter. Evoke Wealth LLC boosted its stake in PIMCO California Municipal Income Fund by 6.5% in the fourth quarter. Evoke Wealth LLC now owns 46,084 shares of the investment management company’s stock valued at $404,000 after acquiring an additional 2,829 shares in the last quarter. Finally, Catalina Capital Group LLC boosted its stake in PIMCO California Municipal Income Fund by 9.6% in the fourth quarter. Catalina Capital Group LLC now owns 32,684 shares of the investment management company’s stock valued at $285,000 after acquiring an additional 2,859 shares in the last quarter.

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.