Pcm Fund (NYSE:PCM) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Pcm Fund (NYSE:PCM)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.30 and traded as low as $5.99. Pcm Fund shares last traded at $6.0150, with a volume of 28,325 shares.

Pcm Fund Price Performance

The stock’s 50-day moving average is $6.11 and its 200 day moving average is $6.30.

Pcm Fund Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a c) dividend on an annualized basis and a yield of 12.8%.

Institutional Investors Weigh In On Pcm Fund

An institutional investor recently bought a new position in Pcm Fund stock. Scotia Capital Inc. bought a new position in shares of Pcm Fund (NYSE:PCM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,784 shares of the investment management company’s stock, valued at approximately $92,000. Scotia Capital Inc. owned about 0.11% of Pcm Fund at the end of the most recent quarter. 10.26% of the stock is currently owned by hedge funds and other 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.