Pcm Fund (NYSE:PCM) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Pcm Fund (NYSE:PCM) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.83 and traded as low as $5.60. Pcm Fund shares last traded at $5.6340, with a volume of 32,891 shares traded.

Pcm Fund Trading Up 0.1%

The stock has a 50-day moving average of $5.66 and a 200 day moving average of $5.83.

Pcm Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be paid a $0.0642 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 13.7%.

Institutional Trading of Pcm Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC raised its holdings in shares of Pcm Fund by 59.3% in the first quarter. Rivernorth Capital Management LLC now owns 479,504 shares of the investment management company’s stock valued at $2,738,000 after buying an additional 178,434 shares during the last quarter. LPL Financial LLC grew its holdings in Pcm Fund by 6.7% during the 4th quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock worth $1,894,000 after acquiring an additional 19,364 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Pcm Fund by 33.4% during the 4th quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock worth $1,779,000 after acquiring an additional 72,482 shares during the last quarter. Arlington Capital Management Inc. acquired a new stake in Pcm Fund in the 1st quarter valued at about $328,000. Finally, Kestra Advisory Services LLC increased its position in Pcm Fund by 65.2% in the 4th quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock valued at $213,000 after acquiring an additional 13,667 shares in the last quarter. 10.26% of the stock is currently 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.