Pcm Fund (NYSE:PCM) Share Price Passes Below 200 Day Moving Average – Here’s Why

Pcm Fund (NYSE:PCM) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.32 and traded as low as $5.98. Pcm Fund shares last traded at $6.0050, with a volume of 101,360 shares trading hands.

Pcm Fund Stock Performance

The business has a fifty day moving average of $6.12 and a two-hundred day moving average of $6.32.

Pcm Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th will be issued a $0.0642 dividend. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date is Tuesday, January 13th.

Institutional Trading of Pcm Fund

An institutional investor recently raised its position in Pcm Fund stock. Sovran Advisors LLC boosted its stake in Pcm Fund (NYSE:PCM) by 3.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 88,609 shares of the investment management company’s stock after buying an additional 3,354 shares during the period. Sovran Advisors LLC owned approximately 0.73% of Pcm Fund worth $553,000 as of its most recent filing with the SEC. 10.26% of the stock is currently owned by institutional investors.

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.