Shares of PCM Fund Inc. (NYSE:PCM - Get Free Report) crossed 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.
PCM Fund Price Performance
The company has a 50 day simple moving average of $6.30 and a 200 day simple moving average of $6.98.
PCM Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a $0.0642 dividend. This represents a $0.77 annualized dividend and a dividend yield of 12.27%. The ex-dividend date is Monday, May 12th.
Institutional Investors Weigh In On PCM Fund
Institutional investors and hedge funds have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. bought a new position in shares of PCM Fund in the first quarter valued at $1,565,000. Financial Advocates Investment Management increased its stake in shares of PCM Fund by 10.8% during the 4th quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company's stock worth $1,662,000 after purchasing an additional 20,950 shares during the last quarter. Arlington Capital Management Inc. bought a new stake in shares of PCM Fund in the 1st quarter valued at about $651,000. Ieq Capital LLC acquired a new stake in PCM Fund in the 1st quarter valued at about $591,000. Finally, Sovran Advisors LLC lifted 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 buying an additional 27,128 shares during the last quarter. Institutional investors own 10.26% of the company's stock.
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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