Sovran Advisors LLC bought a new stake in PCM Fund Inc. (NYSE:PCM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 57,584 shares of the investment management company's stock, valued at approximately $443,000. Sovran Advisors LLC owned about 0.48% of PCM Fund as of its most recent filing with the SEC.
Separately, Horizon Kinetics Asset Management LLC lifted its position in PCM Fund by 64.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 40,252 shares of the investment management company's stock worth $322,000 after buying an additional 15,720 shares in the last quarter. 10.26% of the stock is owned by hedge funds and other institutional investors.
PCM Fund Price Performance
Shares of NYSE:PCM traded down $0.06 during midday trading on Friday, reaching $6.64. The company had a trading volume of 76,922 shares, compared to its average volume of 73,419. The business's 50 day moving average price is $7.14 and its 200 day moving average price is $7.65. PCM Fund Inc. has a 1-year low of $6.50 and a 1-year high of $9.15.
PCM Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be paid a $0.0642 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.77 dividend on an annualized basis and a yield of 11.61%.
PCM Fund Company Profile
(
Free Report)
PCM Fund Inc is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.
Featured Stories
Before you consider PCM Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PCM Fund wasn't on the list.
While PCM Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
