Pcm Fund (NYSE:PCM - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.59 and traded as low as $6.26. Pcm Fund shares last traded at $6.31, with a volume of 75,794 shares trading hands.
Pcm Fund Stock Performance
The stock has a 50 day moving average price of $6.28 and a two-hundred day moving average price of $6.55.
Pcm Fund Dividend Announcement
The company 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. This represents a $0.77 dividend on an annualized basis and a yield of 12.09%. The ex-dividend date of this dividend is Thursday, June 12th.
Institutional Investors Weigh In On Pcm Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Pcm Fund in the fourth quarter valued at about $137,000. Two Sigma Securities LLC bought a new stake in Pcm Fund in the 4th quarter valued at about $152,000. Sovran Advisors LLC grew its position 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 worth $514,000 after purchasing an additional 27,128 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in shares of Pcm Fund during the 1st quarter worth approximately $651,000. Finally, Ieq Capital LLC bought a new position in shares of Pcm Fund during the first quarter worth approximately $591,000. Institutional investors and hedge funds 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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