PCM Fund Inc. (NYSE:PCM - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.86 and traded as low as $7.68. PCM Fund shares last traded at $7.71, with a volume of 23,523 shares.
PCM Fund Stock Up 0.5 %
The company's 50 day moving average price is $8.06 and its 200 day moving average price is $7.86.
PCM Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be issued a $0.08 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.96 annualized dividend and a dividend yield of 12.45%.
Institutional Trading of PCM Fund
An institutional investor recently raised its position in PCM Fund stock. Horizon Kinetics Asset Management LLC raised its stake in PCM Fund Inc. (NYSE:PCM - Free Report) by 64.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,252 shares of the investment management company's stock after buying an additional 15,720 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 0.34% of PCM Fund worth $322,000 at the end of the most recent reporting period. 10.26% of the stock is currently owned by institutional investors.
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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