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

Bank of America Corp sold 2,000 shares of Pimco California Municipal Income Fund (PCQ) on October 12, 2026, for a total value of $15,538.60 at a price of $7.77 per share.

Inside Bank of America's Trade

This sale comes as Bank of America continues to hold a significant position in PCQ, where it is a beneficial owner of more than 10% of the fund. The recent sale did not indicate a shift in strategy, as the bank had just bought 2,000 shares of the fund at $8.13 each on October 14, 2026, a couple of days after this sale. This reflects a pattern of active trading around their holdings in this fund.

Other Institutional Activity in Pimco California Municipal Income Fund

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

Pimco California Municipal Income Fund Stock Up 0.9%

As of October 16, 2026, PCQ shares were recently trading around $7.93, which is about 4.5% below the 50-day moving average of $8.30 and 8.8% below the 200-day moving average of $8.70. The stock is currently about 13.7% below its 52-week high of $9.19 but remains 4.8% above its 52-week low of $7.57.

Recent Earnings

Pimco California Municipal Income Fund reported trailing twelve-month revenue of approximately $40.9 million and earnings per share (EPS) of $1.10. The fund has shown a remarkable revenue growth year-over-year of 193.7% and a net margin of 164.6%. The next earnings report is yet to be scheduled.

Insider Buying and Selling at Pimco California Municipal Income Fund

On the same day as the sale, Bank of America Corporation also bought 2,000 shares of PCQ at $8.04 each, totaling $16,080. Prior to this, on August 11, 2025, Bank of America had bought and sold 349 shares at $8.22 each.

About Pimco California Municipal Income Fund

Pimco California Municipal Income Fund is a closed-end mutual fund that invests primarily in municipal bonds across the United States. Managed by Allianz Global Investors and Pacific Investment Management Company, the fund aims to provide income through investments in fixed income markets.

Bottom Line

Investors should keep an eye on Bank of America's future trading activity in PCQ, especially with the recent fluctuations in share prices. Additionally, the upcoming earnings report will provide further insights into the fund's performance and strategy.