Shares of PCM Fund Inc. (NYSE:PCM - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.61 and traded as low as $6.55. PCM Fund shares last traded at $6.56, with a volume of 40,930 shares trading hands.
PCM Fund Stock Performance
The stock's fifty day moving average is $6.98 and its two-hundred day moving average is $7.61.
PCM Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be issued a dividend of $0.0642 per share. This represents a $0.77 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date is Thursday, February 13th.
Institutional Trading of PCM Fund
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sovran Advisors LLC bought a new stake in PCM Fund during the 4th quarter worth approximately $443,000. Financial Advocates Investment Management increased its holdings 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 period. Horizon Kinetics Asset Management LLC increased its holdings in shares of PCM Fund by 64.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 40,252 shares of the investment management company's stock worth $322,000 after buying an additional 15,720 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of PCM Fund in the 4th quarter worth $137,000. Finally, Two Sigma Securities LLC bought a new position in shares of PCM Fund in the 4th quarter worth $152,000. Institutional investors 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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