PIMCO Municipal Income Fund (NYSE:PMF) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

PIMCO Municipal Income Fund (NYSE:PMF) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.42 and traded as low as $8.81. PIMCO Municipal Income Fund shares last traded at $8.92, with a volume of 45,912 shares traded.

PIMCO Municipal Income Fund Price Performance

The firm has a 50 day moving average price of $9.05 and a 200 day moving average price of $9.42.

PIMCO Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Thursday, March 13th.

Insider Transactions at PIMCO Municipal Income Fund

In other PIMCO Municipal Income Fund news, major shareholder Of America Corp /De/ Bank bought 24,110 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average price of $9.02 per share, for a total transaction of $217,472.20. Following the completion of the transaction, the insider now owns 24,110 shares of the company’s stock, valued at $217,472.20. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have purchased 25,505 shares of company stock valued at $230,140 over the last quarter.

Hedge Funds Weigh In On PIMCO Municipal Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Elequin Capital LP bought a new stake in shares of PIMCO Municipal Income Fund in the 4th quarter valued at approximately $31,000. Citadel Advisors LLC bought a new stake in shares of PIMCO Municipal Income Fund in the 4th quarter valued at approximately $99,000. Raymond James Financial Inc. bought a new stake in shares of PIMCO Municipal Income Fund in the 4th quarter valued at approximately $185,000. Uniting Wealth Partners LLC bought a new stake in PIMCO Municipal Income Fund during the 4th quarter valued at $188,000. Finally, Virtu Financial LLC bought a new stake in PIMCO Municipal Income Fund during the 4th quarter valued at $226,000.

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.