Pcm Fund (NYSE:PCM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.66 and traded as low as $6.27. Pcm Fund shares last traded at $6.28, with a volume of 30,408 shares.
Pcm Fund Trading Down 0.6%
The business has a fifty day simple moving average of $6.24 and a two-hundred day simple moving average of $6.65.
Pcm Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.0642 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.77 annualized dividend and a dividend yield of 12.31%.
Institutional Trading of Pcm Fund
Several hedge funds and other institutional investors have recently made changes to their positions in PCM. Landscape Capital Management L.L.C. purchased a new stake in shares of Pcm Fund during the 1st quarter valued at $1,565,000. Arlington Capital Management Inc. purchased a new stake in shares of Pcm Fund during the 1st quarter valued at $651,000. Ieq Capital LLC purchased a new stake in shares of Pcm Fund during the 1st quarter valued at $591,000. Sovran Advisors LLC lifted its holdings 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 purchasing an additional 27,128 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Pcm Fund during the 4th quarter valued at $152,000. Hedge funds and other 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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