Pcm Fund (NYSE:PCM) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Pcm Fund (NYSE:PCM) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.35 and traded as low as $6.04. Pcm Fund shares last traded at $6.05, with a volume of 63,814 shares changing hands.

Pcm Fund Stock Performance

The firm’s 50 day moving average price is $6.20 and its 200-day moving average price is $6.35.

Pcm Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be issued a $0.0642 dividend. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Thursday, December 11th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Scotia Capital Inc. acquired a new stake in Pcm Fund in the 3rd quarter valued at $92,000. Sovran Advisors LLC lifted its holdings in Pcm Fund by 3.9% during the third quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock valued at $553,000 after purchasing an additional 3,354 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Pcm Fund in the first quarter valued at about $1,565,000. Finally, Ieq Capital LLC purchased a new stake in shares of Pcm Fund during the first quarter worth about $591,000. 10.26% of the stock is owned by institutional investors and hedge funds.

About Pcm Fund

PCM Fund, Inc (NYSE: PCM) is a diversified, closed-end management investment company incorporated in the United States. Since its inception in 1989, the Fund has sought to deliver a high level of current income and pursue capital preservation. Shares of PCM Fund trade on the New York Stock Exchange, offering investors access to a professionally managed portfolio of fixed income securities through a single, publicly traded vehicle.

The Fund’s investment strategy focuses on mortgage-related securities, with a core allocation to agency mortgage-backed securities (MBS) issued or guaranteed by U.S.