Pcm Fund (NYSE:PCM - Get Free Report) shares 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 traded.
Pcm Fund Trading Down 1.9%
The stock's fifty day moving average is $6.31 and its two-hundred day moving average is $6.48.
Pcm Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 11th will be issued a dividend of $0.0642 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.77 dividend on an annualized basis and a yield of 12.11%.
Hedge Funds Weigh In On Pcm Fund
A number of institutional investors have recently added to or reduced their stakes in PCM. Raymond James Financial Inc. bought a new position in Pcm Fund during the fourth quarter worth $137,000. Two Sigma Securities LLC bought a new stake in shares of Pcm Fund in the fourth quarter valued at about $152,000. Sovran Advisors LLC boosted its position in shares of Pcm Fund by 47.1% in 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 during the period. Ieq Capital LLC bought a new stake in shares of Pcm Fund in the first quarter valued at about $591,000. Finally, Arlington Capital Management Inc. bought a new stake in shares of Pcm Fund in the first quarter valued at about $651,000. 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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