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

Pcm Fund (NYSE:PCM) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.38 and traded as low as $6.25. Pcm Fund shares last traded at $6.3550, with a volume of 53,896 shares changing hands.

Pcm Fund Price Performance

The stock has a 50-day moving average price of $6.50 and a two-hundred day moving average price of $6.38.

Pcm Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.0642 dividend. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Friday, November 14th.

Hedge Funds Weigh In On Pcm Fund

Several hedge funds have recently modified their holdings of PCM. Sovran Advisors LLC boosted its stake 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 in the last quarter. Ieq Capital LLC purchased a new position in shares of Pcm Fund in the first quarter worth $591,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Pcm Fund during the first quarter worth $1,565,000. Finally, Arlington Capital Management Inc. purchased a new stake in shares of Pcm Fund during the first quarter valued at $651,000. Institutional investors and hedge funds own 10.26% of the company’s stock.

About Pcm Fund

PCM Fund Inc is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.