PCM Fund Inc. (NYSE:PCM - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.71 and traded as low as $6.60. PCM Fund shares last traded at $6.67, with a volume of 39,950 shares changing hands.
PCM Fund Price Performance
The business has a 50 day moving average price of $7.41 and a two-hundred day moving average price of $7.71.
PCM Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be issued a $0.0642 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.77 dividend on an annualized basis and a yield of 11.48%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of PCM. Financial Advocates Investment Management grew its stake in shares of PCM Fund by 7.7% in the 3rd quarter. Financial Advocates Investment Management now owns 194,870 shares of the investment management company's stock worth $1,557,000 after buying an additional 13,973 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its holdings 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 valued at $322,000 after buying an additional 15,720 shares during the period. Finally, Sovran Advisors LLC purchased a new position in shares of PCM Fund during the fourth quarter valued at approximately $443,000. 10.26% of the stock is owned by hedge funds and other institutional investors.
About PCM Fund
(
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.
See Also
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
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
