Pcm Fund (NYSE:PCM - Get Free Report)'s stock price passed 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 changing hands.
Pcm Fund Trading Up 0.3%
The business has a 50-day simple moving average of $6.24 and a 200 day simple moving average of $6.62.
Pcm Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be issued a $0.0642 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.77 annualized dividend and a yield of 12.28%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new position in shares of Pcm Fund in the 1st quarter worth about $1,565,000. Ieq Capital LLC bought a new position in shares of Pcm Fund in the first quarter worth approximately $591,000. Arlington Capital Management Inc. bought a new stake in shares of Pcm Fund during the first quarter valued at approximately $651,000. Sovran Advisors LLC increased its holdings 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 worth $514,000 after purchasing an additional 27,128 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of Pcm Fund in the fourth quarter worth $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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