PCM FUND (NYSE:PCM - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.50 and traded as low as $6.37. PCM FUND shares last traded at $6.37, with a volume of 78,142 shares traded.
PCM FUND Stock Up 0.6%
The company has a fifty day moving average of $6.30 and a 200 day moving average of $6.50.
PCM FUND Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 11th will be paid a dividend of $0.0642 per share. This represents a $0.77 annualized dividend and a yield of 12.01%. The ex-dividend date is Friday, July 11th.
Hedge Funds Weigh In On PCM FUND
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in PCM FUND during the fourth quarter worth $137,000. Two Sigma Securities LLC purchased a new position in PCM FUND in the fourth quarter valued at about $152,000. Sovran Advisors LLC increased its holdings in PCM FUND by 47.1% in the 1st quarter. Sovran Advisors LLC now owns 84,712 shares of the investment management company's stock worth $514,000 after acquiring an additional 27,128 shares during the last quarter. Arlington Capital Management Inc. purchased a new stake in shares of PCM FUND during the 1st quarter valued at approximately $651,000. Finally, Ieq Capital LLC bought a new position in shares of PCM FUND in the first quarter worth $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.
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