PCM Fund Inc. (NYSE:PCM - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.38 and traded as low as $6.41. PCM Fund shares last traded at $6.45, with a volume of 30,501 shares changing hands.
PCM Fund Stock Down 3.2 %
The business's 50 day simple moving average is $6.58 and its 200-day simple moving average is $7.35.
PCM Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be paid a dividend of $0.0642 per share. The ex-dividend date is Friday, April 11th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 12.30%.
Hedge Funds Weigh In On PCM Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of PCM Fund in the 4th quarter valued at about $137,000. Two Sigma Securities LLC bought a new stake in PCM Fund in the fourth quarter valued at approximately $152,000. Sovran Advisors LLC acquired a new stake in PCM Fund in the fourth quarter worth $443,000. Finally, Financial Advocates Investment Management raised its holdings in PCM Fund by 10.8% in the fourth quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company's stock worth $1,662,000 after purchasing an additional 20,950 shares during the period. 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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