Stock of the Day: Pimco California Municipal Income Fund (NYSE:PCQ) Q2 2016 Sentiment Report

November 18, 2016 - By Linda Rogers   ·   0 Comments

Stock of the Day: Pimco California Municipal Income Fund (NYSE:PCQ)  Q2 2016 Sentiment Report

Sentiment for Pimco California Municipal Income Fund (NYSE:PCQ)

Pimco California Municipal Income Fund (NYSE:PCQ) institutional sentiment increased to 0.9 in Q2 2016. Its up 0.12, from 0.78 in 2016Q1. The ratio is more positive, as 7 institutional investors started new and increased equity positions, while 9 reduced and sold equity positions in Pimco California Municipal Income Fund. The institutional investors in our partner’s database now own: 894,768 shares, down from 1.13 million shares in 2016Q1. Also, the number of institutional investors holding Pimco California Municipal Income Fund in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 5 Increased: 6 New Position: 1.

PIMCO California Municipal Income Fund is a diversified, closed-end management investment company. The company has a market cap of $282.64 million. The Fund’s primary investment objective is to seek current income exempt from federal and California income tax. It currently has negative earnings. The Fund invests approximately 90% of its net assets in municipal bonds that pay interest that is exempt from federal and California income tax.

Pimco CA Municipal Income Fund (NYSE:PCQ) has declined 10.20% since April 18, 2016 and is downtrending. It has underperformed by 14.63% the S&P500.

Van Hulzen Asset Management Llc holds 0.52% of its portfolio in Pimco CA Municipal Income Fund for 54,069 shares. San Francisco Sentry Investment Group (Ca) owns 24,145 shares or 0.25% of their US portfolio. Moreover, Granite Investment Partners Llc has 0.02% invested in the company for 12,108 shares. The Illinois-based Guggenheim Capital Llc has invested 0.02% in the stock. Lpl Financial Llc, a California-based fund reported 107,173 shares.#img1#

More important recent Pimco CA Municipal Income Fund (NYSE:PCQ) news were published by: Nasdaq.com which released: “Pimco California Municipal Income Fund II (PCK) Ex-Dividend Date Scheduled for …” on May 09, 2016, also Nasdaq.com published article titled: “PIMCO California Municipal Income Fund III (PZC) Ex-Dividend Date Scheduled …”, Seekingalpha.com published: “In Search Of Income: Municipal Bond CEFs (Part II)” on January 20, 2015. More interesting news about Pimco CA Municipal Income Fund (NYSE:PCQ) was released by: Seekingalpha.com and their article: “Tax-Free Income For Those Who Need It Most: California Municipal Bond CEFs” with publication date: October 15, 2015.

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By Linda Rogers


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