PCM Fund Inc. (NYSE:PCM - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.78 and traded as low as $6.26. PCM Fund shares last traded at $6.28, with a volume of 64,517 shares.
PCM Fund Trading Up 0.1%
The business's 50 day simple moving average is $6.21 and its 200 day simple moving average is $6.75.
PCM Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th 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 12.23%. The ex-dividend date is Thursday, June 12th.
Institutional Investors Weigh In On PCM Fund
A number of institutional investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. purchased a new position in shares of PCM Fund in the first quarter valued at about $1,565,000. Arlington Capital Management Inc. bought a new stake in PCM Fund during the 1st quarter valued at approximately $651,000. Ieq Capital LLC purchased a new position in PCM Fund in the 1st quarter worth approximately $591,000. Sovran Advisors LLC purchased a new position in PCM Fund in the 4th quarter worth approximately $443,000. Finally, Two Sigma Securities LLC bought a new position in PCM Fund in the 4th quarter worth approximately $152,000. Hedge funds and other institutional investors own 10.26% of the company's stock.
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.
Further Reading
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
