PCQ 10% Owner Bank of America Corp Buys $16K of Stock

Bank of America Corp bought 2,000 shares of Pimco California Municipal Income Fund (PCQ) on October 12, 2026, at a price of $8.04 each. This purchase totaled about $16,080, increasing their stake in the fund.

Inside Bank of America's Trade

Bank of America, a beneficial owner of more than 10% of PCQ, made this buy as part of its ongoing investment strategy. The purchase adds to the firm's existing holdings in the fund, which include 349 shares acquired earlier.

Other Institutional Activity in PCQ

RiverNorth Capital Management, LLC holds 2,575,012 shares of PCQ, worth about $20,471,344 after increasing its stake by 63,050 shares. Karpus Management, Inc. also increased its holdings by 252,601 shares, now holding 2,031,479 shares valued at approximately $16,150,257. Advisors Asset Management, Inc. grew its position by 438,731 shares, bringing its total to 1,652,372 shares worth about $13,136,357. Meanwhile, Guggenheim Capital, LLC reduced its stake by 261,992 shares, ending with 1,180,693 shares valued at approximately $9,386,509. Toronto Dominion Bank added 20,800 shares, now holding 1,157,410 shares worth about $9,201,409.

Pimco California Municipal Income Fund Stock Up 0.9%

As of October 16, 2026, PCQ is trading at $7.93, which is below its 50-day moving average of $8.30 and its 200-day average of $8.70. The stock is also about 13.7% below its 52-week high of $9.19, although it remains 4.8% above its 52-week low of $7.57.

Recent Earnings

Pimco California Municipal Income Fund reported trailing twelve-month revenue of $40.9 million and has an EPS of $1.1. The fund has shown strong revenue growth at 193.7% year-over-year, with a net margin of 164.6% and a return on equity of 18.1%.

Insider Buying and Selling at Pimco California Municipal Income Fund

On the same day as the recent purchase, Bank of America also reported a transaction involving 2,000 shares of PCQ. Earlier, on August 11, 2025, the company had reported buying and selling 349 shares at $8.22, totaling $2,871.

About Pimco California Municipal Income Fund

Pimco California Municipal Income Fund is a closed-end fund that primarily invests in municipal bonds. Managed by Allianz Global Investors, it focuses on fixed income markets in the United States. This recent buying activity by Bank of America reflects a strategic move to enhance its holdings in the fund as it navigates market conditions.

Bottom Line

Investors will be watching how Bank of America's increased stake in PCQ impacts its future performance, especially as the fund approaches its next earnings report. Keep an eye on upcoming filings and market movements related to this fund.