PCM Fund Inc. (NYSE:PCM - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.32 and traded as high as $6.52. PCM Fund shares last traded at $6.43, with a volume of 44,090 shares changing hands.
PCM Fund Stock Down 0.5 %
The business's 50 day moving average is $6.32 and its 200-day moving average is $7.02.
PCM Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a $0.0642 dividend. This represents a $0.77 annualized dividend and a yield of 11.99%. The ex-dividend date of this dividend is Monday, May 12th.
Hedge Funds Weigh In On PCM Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of PCM Fund during the 4th quarter valued at about $137,000. Two Sigma Securities LLC acquired a new stake in shares of PCM Fund during the 4th quarter worth about $152,000. Sovran Advisors LLC purchased a new stake in PCM Fund in the 4th quarter valued at about $443,000. Arlington Capital Management Inc. acquired a new position in PCM Fund in the first quarter valued at about $651,000. Finally, Financial Advocates Investment Management increased its position in shares of PCM Fund by 10.8% during the fourth quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company's stock valued at $1,662,000 after acquiring an additional 20,950 shares during the last quarter. 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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