Shares of Pcm Fund (NYSE:PCM - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.41 and traded as low as $6.27. Pcm Fund shares last traded at $6.29, with a volume of 28,392 shares changing hands.
Pcm Fund Stock Up 0.3%
The firm's fifty day moving average price is $6.30 and its 200-day moving average price is $6.40.
Pcm Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 11th 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 12.22%. The ex-dividend date is Friday, July 11th.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in PCM. Raymond James Financial Inc. purchased a new position in shares of Pcm Fund during the 4th quarter valued at $137,000. Two Sigma Securities LLC bought a new position in Pcm Fund in the fourth quarter worth approximately $152,000. Sovran Advisors LLC boosted its stake 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 valued at $514,000 after acquiring an additional 27,128 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in Pcm Fund during the 1st quarter valued at approximately $651,000. Finally, Ieq Capital LLC purchased a new position in Pcm Fund during the 1st quarter worth approximately $591,000. Institutional investors own 10.26% of the company's stock.
Pcm Fund Company Profile
(
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.
See Also
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
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
