Pcm Fund (NYSE:PCM - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-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 Down 0.2%
The firm has a fifty day moving average of $6.26 and a two-hundred day moving average of $6.57.
Pcm Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 12.22%.
Institutional Investors Weigh In On Pcm Fund
Several hedge funds have recently modified their holdings of PCM. Landscape Capital Management L.L.C. purchased a new position in Pcm Fund during the first quarter valued at approximately $1,565,000. Arlington Capital Management Inc. bought a new stake in Pcm Fund during the 1st quarter valued at $651,000. Ieq Capital LLC purchased a new position in shares of Pcm Fund in the 1st quarter valued at $591,000. Sovran Advisors LLC raised its position 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 acquiring an additional 27,128 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Pcm Fund during the 4th quarter worth $152,000. Hedge funds and other institutional investors own 10.26% of the company's stock.
Pcm Fund Company Profile
(
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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