Pcm Fund (NYSE:PCM) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Pcm Fund (NYSE:PCM)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.36 and traded as low as $6.16. Pcm Fund shares last traded at $6.17, with a volume of 57,404 shares traded.

Pcm Fund Price Performance

The firm has a 50-day moving average of $6.41 and a two-hundred day moving average of $6.36.

Pcm Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.0642 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Scotia Capital Inc. acquired a new stake in shares of Pcm Fund during the third quarter valued at about $92,000. Sovran Advisors LLC lifted its holdings in shares of 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 acquiring an additional 3,354 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Pcm Fund during the 1st quarter worth approximately $1,565,000. Finally, Ieq Capital LLC acquired a new stake in Pcm Fund in the 1st quarter valued at approximately $591,000. Institutional investors and hedge funds own 10.26% of the company’s stock.

Pcm Fund Company Profile

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.