Pcm Fund (NYSE:PCM) Share Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• Pcm Fund shares fell below their 200‑day moving average, trading as low as $5.52 and last at $5.58 versus a 200‑day MA of $6.22 (50‑day MA $6.00), signaling a negative technical shift.
• The fund declared a monthly dividend of $0.0642 payable April 1 (record/ex‑dividend date March 12), which represents a 13.8% annualized dividend yield.
• Institutional investors own about 10.26% of the stock, with recent buying and position increases from firms such as Sovran Advisors and LPL Financial.

Pcm Fund (NYSE:PCM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.22 and traded as low as $5.52. Pcm Fund shares last traded at $5.58, with a volume of 73,071 shares.

Pcm Fund Stock Performance

The company has a 50 day simple moving average of $6.00 and a two-hundred day simple moving average of $6.22.

Pcm Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a $0.0642 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%.

Institutional Trading of Pcm Fund

A number of institutional investors have recently bought and sold shares of the company. Sovran Advisors LLC raised its stake in shares of Pcm Fund by 3.9% during the 3rd quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company's stock worth $553,000 after purchasing an additional 3,354 shares in the last quarter. Scotia Capital Inc. acquired a new stake in Pcm Fund in the third quarter valued at approximately $92,000. Integrity Advisory Solutions LLC acquired a new stake in Pcm Fund in the fourth quarter valued at approximately $83,000. LPL Financial LLC grew its position in Pcm Fund by 6.7% in the fourth quarter. LPL Financial LLC now owns 308,436 shares of the investment management company's stock worth $1,894,000 after acquiring an additional 19,364 shares in the last quarter. Finally, Everett Harris & Co. CA bought a new stake in Pcm Fund in the fourth quarter worth approximately $80,000. Institutional investors and hedge funds own 10.26% of the company's stock.

Pcm Fund Company Profile

PCM Fund, Inc NYSE: PCM is a diversified, closed-end management investment company incorporated in the United States. Since its inception in 1989, the Fund has sought to deliver a high level of current income and pursue capital preservation. Shares of PCM Fund trade on the New York Stock Exchange, offering investors access to a professionally managed portfolio of fixed income securities through a single, publicly traded vehicle.

The Fund's investment strategy focuses on mortgage-related securities, with a core allocation to agency mortgage-backed securities (MBS) issued or guaranteed by U.S.

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