Pimco Municipal Income Fund (NYSE:PMF) Stock Price Passes Below 50 Day Moving Average of $14.76

Pimco Municipal Income Fund (NYSE:PMF)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.76 and traded as low as $14.75. Pimco Municipal Income Fund shares last traded at $14.80, with a volume of 18,600 shares.

The firm’s 50-day moving average price is $14.78 and its 200 day moving average price is $14.58.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend is Thursday, September 12th.



Large investors have recently modified their holdings of the company. Private Advisor Group LLC grew its position in shares of Pimco Municipal Income Fund by 8.1% during the 2nd quarter. Private Advisor Group LLC now owns 13,718 shares of the financial services provider’s stock worth $198,000 after buying an additional 1,030 shares during the period. First Allied Advisory Services Inc. acquired a new stake in shares of Pimco Municipal Income Fund during the 2nd quarter worth approximately $212,000. Wells Fargo & Company MN grew its position in shares of Pimco Municipal Income Fund by 26.5% during the 2nd quarter. Wells Fargo & Company MN now owns 18,976 shares of the financial services provider’s stock worth $274,000 after buying an additional 3,975 shares during the period. Winslow Evans & Crocker Inc. grew its position in shares of Pimco Municipal Income Fund by 101.8% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 22,196 shares of the financial services provider’s stock worth $322,000 after buying an additional 11,196 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Pimco Municipal Income Fund by 29.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 36,205 shares of the financial services provider’s stock worth $524,000 after buying an additional 8,305 shares during the period.

Pimco Municipal Income Fund Company Profile (NYSE:PMF)

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.

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