Pcm Fund (NYSE:PCM - Get Free Report) shares 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 trading hands.
Pcm Fund Stock Performance
The firm's 50-day simple moving average is $6.30 and its 200 day simple moving average is $6.50.
Pcm Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 11th will be issued a dividend of $0.0642 per share. The ex-dividend date is Friday, July 11th. This represents a $0.77 annualized dividend and a dividend yield of 12.08%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of PCM. Landscape Capital Management L.L.C. bought a new stake in Pcm Fund during the first quarter valued at $1,565,000. Arlington Capital Management Inc. purchased a new stake in Pcm Fund in the 1st quarter valued at about $651,000. Ieq Capital LLC bought a new position in shares of Pcm Fund during the 1st quarter valued at approximately $591,000. Sovran Advisors LLC grew its position in shares of Pcm Fund by 47.1% during the 1st 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 during the period. Finally, Two Sigma Securities LLC bought a new position in Pcm Fund in the 4th quarter worth approximately $152,000. 10.26% of the stock is currently owned by institutional investors and hedge funds.
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.
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