PIMCO Municipal Income Fund (NYSE:PMF) Shares Pass Below Two Hundred Day Moving Average of $9.08

PIMCO Municipal Income Fund (NYSE:PMF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.08 and traded as low as $8.92. PIMCO Municipal Income Fund shares last traded at $8.92, with a volume of 66,318 shares traded.

PIMCO Municipal Income Fund Price Performance

The stock’s 50-day moving average price is $9.36 and its 200-day moving average price is $9.08.

PIMCO Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be paid a $0.042 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.50 annualized dividend and a dividend yield of 5.65%.

Institutional Trading of PIMCO Municipal Income Fund

Several hedge funds have recently modified their holdings of PMF. Truist Financial Corp increased its stake in shares of PIMCO Municipal Income Fund by 37.9% in the 4th quarter. Truist Financial Corp now owns 481,377 shares of the financial services provider’s stock valued at $5,021,000 after acquiring an additional 132,387 shares in the last quarter. UBS Group AG increased its stake in shares of PIMCO Municipal Income Fund by 89.3% in the 1st quarter. UBS Group AG now owns 273,046 shares of the financial services provider’s stock valued at $3,274,000 after acquiring an additional 128,820 shares in the last quarter. Gridiron Partners LLC bought a new stake in shares of PIMCO Municipal Income Fund in the 4th quarter valued at $973,000. Rivernorth Capital Management LLC increased its stake in shares of PIMCO Municipal Income Fund by 188.4% in the 2nd quarter. Rivernorth Capital Management LLC now owns 137,271 shares of the financial services provider’s stock valued at $1,418,000 after acquiring an additional 89,676 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of PIMCO Municipal Income Fund by 34.8% in the 4th quarter. Morgan Stanley now owns 212,113 shares of the financial services provider’s stock valued at $2,212,000 after acquiring an additional 54,703 shares in the last quarter.

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.