Pcm Fund (NYSE:PCM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Pcm Fund (NYSE:PCM) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.29 and traded as low as $6.13. Pcm Fund shares last traded at $6.1450, with a volume of 136,361 shares trading hands.

Pcm Fund Trading Up 0.6%

The business has a fifty day moving average price of $6.10 and a 200-day moving average price of $6.29.

Pcm Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be paid a $0.0642 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%.

Institutional Investors Weigh In On Pcm Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sovran Advisors LLC grew its position in Pcm Fund by 3.9% in the 3rd quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock worth $553,000 after purchasing an additional 3,354 shares during the period. Scotia Capital Inc. purchased a new stake in Pcm Fund during the third quarter valued at $92,000. Finally, Integrity Advisory Solutions LLC bought a new position in Pcm Fund in the fourth quarter valued at about $83,000. Hedge funds and other institutional investors own 10.26% of the company’s stock.

Pcm Fund Company Profile

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.