Pcm Fund (NYSE:PCM - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.36 and traded as low as $6.28. Pcm Fund shares last traded at $6.29, with a volume of 25,331 shares trading hands.
Pcm Fund Trading Up 0.2%
The business has a fifty day moving average price of $6.32 and a 200 day moving average price of $6.35.
Pcm Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be given a dividend of $0.0642 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date is Monday, August 11th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Pcm Fund during the fourth quarter valued at approximately $137,000. Two Sigma Securities LLC bought a new position in Pcm Fund during the 4th quarter valued at $152,000. Landscape Capital Management L.L.C. acquired a new position in shares of Pcm Fund during the 1st quarter valued at $1,565,000. Ieq Capital LLC bought a new stake in shares of Pcm Fund in the 1st quarter worth $591,000. Finally, Arlington Capital Management Inc. acquired a new stake in shares of Pcm Fund in the first quarter valued at $651,000. 10.26% of the stock is currently owned by 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.
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