Shares of Pcm Fund (NYSE:PCM - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.34 and traded as low as $6.33. Pcm Fund shares last traded at $6.35, with a volume of 86,227 shares traded.
Pcm Fund Price Performance
The firm's 50-day simple moving average is $6.33 and its 200 day simple moving average is $6.33.
Pcm Fund Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a $0.0642 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a c) annualized dividend and a dividend yield of 12.2%.
Institutional Trading of Pcm Fund
Several hedge funds and other institutional investors have recently modified their holdings of PCM. Raymond James Financial Inc. bought a new stake in shares of Pcm Fund in the fourth quarter valued at approximately $137,000. Sovran Advisors LLC grew its stake in Pcm Fund by 47.1% during the first quarter. Sovran Advisors LLC now owns 84,712 shares of the investment management company's stock valued at $514,000 after acquiring an additional 27,128 shares in the last quarter. Arlington Capital Management Inc. purchased a new position in Pcm Fund during the first quarter valued at approximately $651,000. Ieq Capital LLC purchased a new position in Pcm Fund during the first quarter valued at approximately $591,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Pcm Fund during the first quarter valued at approximately $1,565,000. 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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