PCM Fund Inc. (NYSE:PCM - Get Free Report) declared a monthly dividend on Monday, April 1st, investing.com reports. Stockholders of record on Thursday, April 11th will be given a dividend of 0.08 per share by the investment management company on Wednesday, May 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.18%. The ex-dividend date of this dividend is Wednesday, April 10th.
PCM Fund Stock Performance
Shares of NYSE PCM traded up $0.06 during mid-day trading on Wednesday, reaching $8.59. The company's stock had a trading volume of 33,228 shares, compared to its average volume of 31,027. The stock has a fifty day moving average of $8.26 and a two-hundred day moving average of $8.15. PCM Fund has a 52 week low of $6.88 and a 52 week high of $10.20.
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 PCM. Bank of America Corp DE boosted its stake in PCM Fund by 44.1% during the first quarter. Bank of America Corp DE now owns 55,585 shares of the investment management company's stock valued at $566,000 after buying an additional 17,016 shares during the last quarter. Jane Street Group LLC bought a new position in PCM Fund during the third quarter valued at approximately $131,000. Susquehanna International Group LLP bought a new position in PCM Fund during the fourth quarter valued at approximately $125,000. Financial Advocates Investment Management boosted its stake in PCM Fund by 28.5% during the fourth quarter. Financial Advocates Investment Management now owns 64,385 shares of the investment management company's stock valued at $507,000 after buying an additional 14,292 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in PCM Fund by 25.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 60,728 shares of the investment management company's stock valued at $479,000 after buying an additional 12,231 shares during the last quarter. 10.26% of the stock is owned by institutional investors.
About PCM Fund
(
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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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