PIMCO Municipal Income Fund (NYSE:PMF) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

PIMCO Municipal Income Fund (NYSE:PMF)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.21 and traded as low as $7.91. PIMCO Municipal Income Fund shares last traded at $8.04, with a volume of 94,692 shares trading hands.

PIMCO Municipal Income Fund Stock Up 1.1 %

The stock has a 50 day simple moving average of $8.80 and a two-hundred day simple moving average of $9.20.

PIMCO Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be issued a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend is Friday, April 11th.

Insider Buying and Selling 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 on Friday, February 21st. The stock was bought at an average price of $9.02 per share, for a total transaction of $217,472.20. Following the completion of the purchase, the insider now directly owns 24,110 shares of the company’s stock, valued at approximately $217,472.20. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 25,505 shares of company stock worth $230,140 over the last three months.

Institutional Trading of PIMCO Municipal Income Fund

A number of large investors have recently made changes to their positions in PMF. Hennion & Walsh Asset Management Inc. lifted its stake in PIMCO Municipal Income Fund by 1,317.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 289,904 shares of the financial services provider’s stock valued at $2,603,000 after buying an additional 269,453 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund in the 4th quarter valued at $509,000. Raymond James Financial Inc. purchased a new stake in PIMCO Municipal Income Fund in the 4th quarter valued at $185,000. Summit X LLC boosted its stake in PIMCO Municipal Income Fund by 18.9% during the 4th quarter. Summit X LLC now owns 25,918 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 4,111 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in PIMCO Municipal Income Fund during the 4th quarter worth $230,000.

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.