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

Shares of PIMCO Municipal Income Fund (NYSE:PMF) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.47 and traded as low as $9.15. PIMCO Municipal Income Fund shares last traded at $9.20, with a volume of 60,571 shares traded.

PIMCO Municipal Income Fund Stock Performance

The company has a 50 day moving average of $9.02 and a two-hundred day moving average of $9.47.

PIMCO Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be paid a dividend of $0.042 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.50 annualized dividend and a yield of 5.48%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elequin Capital LP purchased a new stake in PIMCO Municipal Income Fund during the 4th quarter valued at about $31,000. Fortitude Family Office LLC purchased a new stake in PIMCO Municipal Income Fund during the 3rd quarter valued at about $93,000. Citadel Advisors LLC purchased a new stake in PIMCO Municipal Income Fund during the 4th quarter valued at about $99,000. Raymond James Financial Inc. purchased a new stake in PIMCO Municipal Income Fund during the 4th quarter valued at about $185,000. Finally, Uniting Wealth Partners LLC purchased a new stake in PIMCO Municipal Income Fund during the 4th quarter valued at about $188,000.

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.