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

Pcm Fund (NYSE:PCM)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.80 and traded as low as $5.55. Pcm Fund shares last traded at $5.58, with a volume of 29,515 shares.

Pcm Fund Stock Performance

The firm has a 50 day moving average of $5.64 and a two-hundred day moving average of $5.80.

Pcm Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be issued a dividend of $0.0642 per share. The ex-dividend date is Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 13.8%.

Institutional Investors Weigh In On Pcm Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. StoneX Group Inc. bought a new position in shares of Pcm Fund during the 4th quarter worth about $68,000. Everett Harris & Co. CA bought a new stake in shares of Pcm Fund in the fourth quarter valued at about $80,000. Integrity Advisory Solutions LLC bought a new stake in shares of Pcm Fund in the fourth quarter valued at about $83,000. Scotia Capital Inc. acquired a new stake in Pcm Fund during the third quarter worth about $92,000. Finally, Kestra Advisory Services LLC grew its position in Pcm Fund by 65.2% during the fourth quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock worth $213,000 after buying an additional 13,667 shares in the last quarter. Institutional investors and hedge funds 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.