PCM Fund (NYSE:PCM) Stock Passes Below Two Hundred Day Moving Average of $9.30

PCM Fund Inc. (NYSE:PCM) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.30 and traded as low as $9.16. PCM Fund shares last traded at $9.46, with a volume of 32,960 shares changing hands.

PCM Fund Price Performance

The company’s fifty day moving average price is $9.50 and its 200 day moving average price is $9.30.

PCM Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.96 annualized dividend and a yield of 10.15%.

Institutional Trading of PCM Fund

Several hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its position in PCM Fund by 6.7% in the 2nd quarter. Osaic Holdings Inc. now owns 57,131 shares of the investment management company’s stock valued at $550,000 after purchasing an additional 3,582 shares during the last quarter. MML Investors Services LLC raised its position in shares of PCM Fund by 38.9% during the 2nd quarter. MML Investors Services LLC now owns 41,975 shares of the investment management company’s stock worth $404,000 after buying an additional 11,748 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of PCM Fund during the 2nd quarter worth about $2,569,000. Atria Wealth Solutions Inc. bought a new stake in shares of PCM Fund during the 1st quarter worth about $266,000. Finally, Susquehanna International Group LLP raised its position in shares of PCM Fund by 27.1% during the 1st quarter. Susquehanna International Group LLP now owns 20,173 shares of the investment management company’s stock worth $170,000 after buying an additional 4,297 shares in the last quarter. 9.57% of the stock is currently owned by institutional investors.

About PCM Fund

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.