Pimco Municipal Income Fund (NYSE:PMF) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.28 and traded as high as $15.30. Pimco Municipal Income Fund shares last traded at $15.30, with a volume of 56,897 shares trading hands.

The firm has a 50 day moving average of $15.30 and a 200-day moving average of $15.09.

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 13th will be paid a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, February 12th.

A number of large investors have recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. increased its stake in Pimco Municipal Income Fund by 9.4% in the 3rd quarter. First Allied Advisory Services Inc. now owns 16,061 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 1,375 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in Pimco Municipal Income Fund in the 4th quarter worth approximately $30,000. Morgan Stanley increased its stake in Pimco Municipal Income Fund by 4.6% in the 2nd quarter. Morgan Stanley now owns 70,132 shares of the financial services provider’s stock worth $1,014,000 after acquiring an additional 3,115 shares during the last quarter. Private Advisor Group LLC increased its stake in Pimco Municipal Income Fund by 16.2% in the 4th quarter. Private Advisor Group LLC now owns 22,952 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 3,195 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Pimco Municipal Income Fund by 5.3% in the 4th quarter. Van ECK Associates Corp now owns 64,337 shares of the financial services provider’s stock worth $971,000 after acquiring an additional 3,225 shares during the last quarter.

About Pimco Municipal Income Fund (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.

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