PCQ 10% Owner Bank of America Corp Buys $16K of Stock
Bank of America Corp increased its stake in Pimco California Municipal Income Fund by purchasing 2,000 shares on October 14, 2026.
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Bank of America Corp, 10% Owner at PIMCO California Municipal Income Fund ($PCQ), bought 2,000 shares at an average price of $8.13, worth about $16,260.60, 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 bought 2,000 shares of Pimco California Municipal Income Fund at $8.13 each, totaling $16,260.6 on October 14, 2026.
- The stock recently traded around $7.93, which is about 4.5% below its 50-day moving average and 13.7% below its 52-week high.
- Other funds, like RiverNorth Capital Management and Karpus Management, also hold significant shares in Pimco California Municipal Income Fund, with holdings of over 2.5 million shares each.
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Bank of America Corp bought 2,000 shares of Pimco California Municipal Income Fund (PCQ) on October 14, 2026, at a price of $8.13 per share. This purchase totaled about $16,260.6. This trade is notable as it shows Bank of America's continued interest in this closed-end 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 10% owner, added 2,000 shares to its position in Pimco California Municipal Income Fund. This purchase came at a price of $8.13 per share. With this transaction, Bank of America demonstrates its commitment to this investment.
Other Institutional Activity in Pimco California Municipal Income Fund
Several other funds have also been active with their holdings in Pimco California Municipal Income Fund. RiverNorth Capital Management, LLC holds 2,575,012 shares valued at about $20,471,344 after increasing its stake by 63,050 shares. Karpus Management, Inc. has 2,031,479 shares worth approximately $16,150,257, following a share increase of 252,601. Advisors Asset Management, Inc. also added to its position, growing its shares by 438,731 to a total of 1,652,372 shares valued at around $13,136,357.
PIMCO California Municipal Income Fund Stock Up 0.9%
The stock recently traded around $7.93 as of October 16, 2026, which is about 4.5% below its 50-day moving average of $8.30 and 13.7% lower than its 52-week high of $9.19. This suggests that the stock is currently facing some downward pressure compared to its recent performance.
Recent Earnings
Pimco California Municipal Income Fund reported trailing twelve-month revenue of $40.9 million and an EPS of $1.1. The fund has shown strong revenue growth of 193.7% year-over-year, with a net margin of 164.6%.
Insider Buying and Selling at PIMCO California Municipal Income Fund
On October 12, 2026, Bank of America Corporation also reported selling 2,000 shares at a price of $8.04 before its recent purchase. Earlier, on August 11, 2025, it sold 349 shares at $8.22. These transactions show a mix of selling and buying activity by the beneficial owner of more than 10% of the fund.
About Pimco California Municipal Income Fund
Pimco California Municipal Income Fund is a closed-end fund that primarily invests in municipal bonds within the United States. Managed by Allianz Global Investors and co-managed by Pacific Investment Management Company, the fund aims to provide income through its investments in fixed income markets. This recent insider activity highlights the fund's ongoing appeal to institutional investors.
Bottom Line
Investors should keep an eye on further developments regarding Bank of America's stake in Pimco California Municipal Income Fund and any upcoming earnings reports that may provide additional insights into the fund's performance.
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