PCM Fund Inc. (NYSE:PCM - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.76 and traded as low as $6.70. PCM Fund shares last traded at $6.71, with a volume of 99,162 shares changing hands.
PCM Fund Stock Performance
The firm has a 50 day moving average price of $7.59 and a two-hundred day moving average price of $7.76.
PCM Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be paid a dividend of $0.0642 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.54%. The ex-dividend date is Monday, January 13th.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in PCM Fund stock. Financial Advocates Investment Management raised its holdings in shares of PCM Fund Inc. (NYSE:PCM - Free Report) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,870 shares of the investment management company's stock after buying an additional 13,973 shares during the period. Financial Advocates Investment Management owned about 1.62% of PCM Fund worth $1,557,000 at the end of the most recent reporting period. 10.26% of the stock is currently 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.
Further Reading
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
