Pcm Fund (NYSE:PCM - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.38 and traded as low as $6.35. Pcm Fund shares last traded at $6.35, with a volume of 39,605 shares.
Pcm Fund Price Performance
The company has a 50-day simple moving average of $6.32 and a 200 day simple moving average of $6.38.
Pcm Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.0642 per share. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Monday, August 11th.
Institutional Trading of Pcm Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. acquired a new stake in Pcm Fund during the 1st quarter valued at $1,565,000. Arlington Capital Management Inc. purchased a new stake in Pcm Fund during the 1st quarter worth approximately $651,000. Ieq Capital LLC bought a new stake in shares of Pcm Fund in the first quarter worth $591,000. Sovran Advisors LLC raised its stake in shares of Pcm Fund by 47.1% in the 1st quarter. Sovran Advisors LLC now owns 84,712 shares of the investment management company's stock valued at $514,000 after purchasing an additional 27,128 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in Pcm Fund during the 4th quarter worth approximately $152,000. 10.26% of the stock is owned by hedge funds and other institutional investors.
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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