PCM Fund Inc. (NYSE:PCM - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.52 and traded as low as $6.51. PCM Fund shares last traded at $6.53, with a volume of 17,368 shares trading hands.
PCM Fund Price Performance
The company's 50-day simple moving average is $6.66 and its 200-day simple moving average is $7.50.
PCM Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a $0.0642 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.92%.
Institutional Trading of PCM Fund
A number of large investors have recently bought and sold shares of PCM. Two Sigma Securities LLC acquired a new position in PCM Fund during the 4th quarter worth approximately $152,000. Raymond James Financial Inc. acquired a new position in shares of PCM Fund during the fourth quarter worth approximately $137,000. Sovran Advisors LLC bought a new position in shares of PCM Fund in the 4th quarter worth $443,000. Financial Advocates Investment Management grew its position in PCM Fund by 10.8% in the 4th quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company's stock valued at $1,662,000 after purchasing an additional 20,950 shares during the period. Finally, Horizon Kinetics Asset Management LLC increased its stake in PCM Fund by 64.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 40,252 shares of the investment management company's stock valued at $322,000 after purchasing an additional 15,720 shares in the last quarter. 10.26% of the stock is currently owned by institutional investors and hedge funds.
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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