Pimco Municipal Income Fund (NYSE:PMF) Stock Price Passes Above 50 Day Moving Average of $15.00

Pimco Municipal Income Fund (NYSE:PMF)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $15.00 and traded as high as $15.37. Pimco Municipal Income Fund shares last traded at $15.29, with a volume of 40,114 shares.

The firm has a fifty day moving average of $15.01 and a 200 day moving average of $14.72.

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, October 10th.

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

See Also: What causes a stock to be most active?

Receive News & Ratings for Pimco Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.