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

Shares of PIMCO Municipal Income Fund (NYSE:PMF) passed 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 Stock Performance

The stock’s 50 day moving average price is $9.15 and its two-hundred day moving average price is $9.28.

PIMCO Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 11th will be given a dividend of $0.042 per share. This represents a $0.50 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend is Thursday, July 11th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in PIMCO Municipal Income Fund in the 4th quarter worth approximately $30,000. Wolverine Asset Management LLC grew its holdings in PIMCO Municipal Income Fund by 169.6% in the 4th quarter. Wolverine Asset Management LLC now owns 9,377 shares of the financial services provider’s stock valued at $87,000 after buying an additional 5,899 shares during the period. ACT Advisors LLC. purchased a new stake in PIMCO Municipal Income Fund in the 4th quarter valued at about $146,000. EWG Elevate Inc. increased its stake in shares of PIMCO Municipal Income Fund by 15.6% during the 4th quarter. EWG Elevate Inc. now owns 16,311 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Summit X LLC lifted its holdings in shares of PIMCO Municipal Income Fund by 6.2% during the 4th quarter. Summit X LLC now owns 20,248 shares of the financial services provider’s stock worth $189,000 after acquiring 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.