PIMCO Municipal Income Fund (NYSE:PMF) Share Price Passes Above Fifty Day Moving Average of $9.13

PIMCO Municipal Income Fund (NYSE:PMF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.13 and traded as high as $9.19. PIMCO Municipal Income Fund shares last traded at $9.07, with a volume of 84,283 shares changing hands.

PIMCO Municipal Income Fund Trading Down 1.1 %

The company has a fifty day moving average of $9.13 and a two-hundred day moving average of $9.28.

PIMCO Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, July 1st. Stockholders of record on Thursday, June 13th were paid a dividend of $0.042 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend was Thursday, June 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Avantax Advisory Services Inc. grew its holdings in PIMCO Municipal Income Fund by 14.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 100,084 shares of the financial services provider’s stock worth $934,000 after acquiring an additional 12,975 shares during the last quarter. Traynor Capital Management Inc. lifted its holdings in shares of PIMCO Municipal Income Fund by 7.7% during the first quarter. Traynor Capital Management Inc. now owns 129,837 shares of the financial services provider’s stock worth $1,211,000 after purchasing an additional 9,330 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of PIMCO Municipal Income Fund by 25.2% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 24,373 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 4,913 shares during the last quarter. Gridiron Partners LLC bought a new stake in shares of PIMCO Municipal Income Fund in the fourth quarter worth $973,000. Finally, Summit X LLC increased its holdings in PIMCO Municipal Income Fund by 6.2% in the fourth quarter. Summit X LLC now owns 20,248 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 1,188 shares during the period.

About PIMCO Municipal Income Fund

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.