Pcm Fund (NYSE:PCM - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.
Pcm Fund Trading Down 0.4%
The business's 50 day simple moving average is $6.31 and its 200 day simple moving average is $6.49.
Pcm Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 11th will be given a dividend of $0.0642 per share. This represents a $0.77 annualized dividend and a dividend yield of 12.04%. The ex-dividend date is Friday, July 11th.
Institutional Trading of Pcm Fund
Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Pcm Fund during the fourth quarter valued at about $137,000. Two Sigma Securities LLC acquired a new position in shares of Pcm Fund during the fourth quarter valued at about $152,000. Sovran Advisors LLC increased its holdings in shares of Pcm Fund by 47.1% during 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 shares of Pcm Fund during the first quarter valued at about $651,000. Finally, Ieq Capital LLC acquired a new position in shares of Pcm Fund during the first quarter valued at about $591,000. 10.26% of the stock is currently owned by institutional investors.
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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