Pcm Fund (NYSE:PCM - Get Free Report) declared a monthly dividend on Tuesday, August 5th, Wall Street Journal reports. Stockholders of record on Monday, August 11th will be paid a dividend of 0.0642 per share by the investment management company on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Monday, August 11th.
Pcm Fund Trading Down 0.5%
Shares of Pcm Fund stock traded down $0.03 during trading on Friday, hitting $6.35. 39,605 shares of the company's stock traded hands, compared to its average volume of 37,936. Pcm Fund has a 1 year low of $5.88 and a 1 year high of $8.39. The business has a 50-day simple moving average of $6.33 and a 200-day simple moving average of $6.38.
Institutional Trading of Pcm Fund
A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Pcm Fund during the fourth quarter valued at approximately $137,000. Two Sigma Securities LLC purchased a new stake in Pcm Fund in the fourth quarter worth approximately $152,000. Sovran Advisors LLC boosted its holdings in Pcm Fund by 47.1% in the first quarter. Sovran Advisors LLC now owns 84,712 shares of the investment management company's stock worth $514,000 after purchasing an additional 27,128 shares during the last quarter. Ieq Capital LLC purchased a new stake in Pcm Fund in the first quarter worth approximately $591,000. Finally, Arlington Capital Management Inc. purchased a new stake in Pcm Fund in the first quarter worth approximately $651,000. Hedge funds and other institutional investors own 10.26% of the company's stock.
Pcm Fund Company Profile
(
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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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