PCQ 10% Owner Bank of America Corp Sells $15K of Stock
Bank of America Corp sold 2,000 shares of Pimco California Municipal Income Fund at $7.71 each on October 14, 2026.
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Bank of America Corp, 10% Owner at PIMCO California Municipal Income Fund ($PCQ), sold 2,000 shares at an average price of $7.71, worth about $15,423.20, on October 14, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $PCQ is up 3.5% to date (from the $7.68 close on Oct 14, 2026).
PCQ
PIMCO California Municipal Income Fund
Key Points
- Bank of America sold 2,000 shares of Pimco California Municipal Income Fund for about $15,423.2 on October 14, 2026.
- The stock recently traded around $7.93, which is below its 50-day and 200-day moving averages by 4.5% and 8.8%, respectively.
- Other institutional players like RiverNorth Capital Management and Karpus Management have increased their stakes in the fund.
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Bank of America Corp sold 2,000 shares of Pimco California Municipal Income Fund (PCQ) for about $15,423.2 on October 14, 2026. The sale price was $7.71 per share. This transaction was not planned and adds to the bank's previous activity with this fund.
Bank of America Corp vs. the S&P 500
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Inside Bank of America's Trade
Bank of America, acting as a beneficial owner of more than 10% of the fund, sold the shares at a price of $7.71. This sale comes after the bank had purchased 2,000 shares just two days earlier at $8.13 each, totaling $16,260.6. The recent sale reflects a strategic move in managing its holdings in this municipal income fund.
Other Institutional Activity in Pimco California Municipal Income Fund
RiverNorth Capital Management, LLC increased its holdings by 63,050 shares, bringing its total to 2,575,012 shares valued at about $20.5 million. Karpus Management, Inc. added 252,601 shares, now holding 2,031,479 shares worth approximately $16.2 million. Advisors Asset Management, Inc. also grew its stake by 438,731 shares, ending with 1,652,372 shares valued at roughly $13.1 million. However, Guggenheim Capital, LLC reduced its position by 261,992 shares, holding now 1,180,693 shares worth about $9.4 million.
PIMCO California Municipal Income Fund Stock Up 0.9%
The stock recently traded around $7.93 as of October 16, 2026, which is below its 50-day moving average of $8.30 and its 200-day moving average of $8.70. It is also 13.7% below its 52-week high of $9.19, but 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 earnings per share (EPS) of $1.1. The fund has shown strong revenue growth of 193.7% year-over-year and a high net margin of 164.6%. Its return on equity (ROE) stands at 18.1%.
Insider Buying and Selling at PIMCO California Municipal Income Fund
On October 12, 2026, Bank of America Corp also purchased 2,000 shares of the fund at $8.04 each, totaling approximately $16,080. Earlier, on August 11, 2025, it sold 349 shares at $8.22 each, valued at $2,871. The recent transactions indicate active management of its investment in this fund.
About Pimco California Municipal Income Fund
Pimco California Municipal Income Fund is a closed-end fixed income mutual fund managed by Allianz Global Investors Fund Management LLC. It primarily invests in municipal bonds, aiming to provide income while focusing on fixed income markets across the U.S. The fund's performance and strategic moves by major owners like Bank of America are critical for its future trajectory.
Bottom Line
Investors should watch for further activity from Bank of America regarding its holdings in Pimco California Municipal Income Fund. The fund's next earnings report is not scheduled, but ongoing trading activity indicates a dynamic market environment for municipal bonds.
Related Filing Alerts
Source: Bank of America Corp's Form 4 filing on $PCQ (Oct 14, 2026). Find the original filing: PCQ Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts