PCM Fund Inc. (NYSE:PCM - Get Free Report)'s share price 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 trading hands.
PCM Fund Stock Performance
The company has a 50 day simple moving average of $6.59 and a 200 day simple moving average of $7.37.
PCM Fund Announces Dividend
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 given a dividend of $0.0642 per share. This represents a $0.77 dividend on an annualized basis and a yield of 11.89%. The ex-dividend date of this dividend is Friday, April 11th.
Institutional Trading of PCM Fund
A number of hedge funds have recently added to or reduced their stakes in PCM. Sovran Advisors LLC acquired a new position in shares of PCM Fund during the fourth quarter worth $443,000. Financial Advocates Investment Management grew its position in PCM Fund by 10.8% during the 4th 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 last quarter. Raymond James Financial Inc. acquired a new position in PCM Fund in the 4th quarter worth about $137,000. Finally, Two Sigma Securities LLC bought a new position in PCM Fund in the fourth quarter valued at about $152,000. Institutional investors and hedge funds own 10.26% of the company's stock.
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.
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