PCM Fund Inc. (NYSE:PCM - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.45 and traded as low as $6.50. PCM Fund shares last traded at $6.50, with a volume of 35,174 shares trading hands.
PCM Fund Trading Up 0.3 %
The business's 50 day moving average is $6.62 and its two-hundred day moving average is $7.42.
PCM Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.0642 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.93%. The ex-dividend date of this dividend is Thursday, March 13th.
Institutional Investors Weigh In On PCM Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PCM. Raymond James Financial Inc. bought a new stake in shares of PCM Fund in the 4th quarter worth $137,000. Two Sigma Securities LLC acquired a new position in PCM Fund during the fourth quarter worth about $152,000. Financial Advocates Investment Management grew its holdings in PCM Fund by 10.8% during the fourth quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company's stock worth $1,662,000 after acquiring an additional 20,950 shares during the period. Finally, Sovran Advisors LLC bought a new stake in PCM Fund in the fourth quarter worth about $443,000. Institutional investors own 10.26% of the company's stock.
PCM Fund Company Profile
(
Get 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.
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