Pcm Fund (NYSE:PCM) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Pcm Fund (NYSE:PCM) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.30 and traded as low as $5.99. Pcm Fund shares last traded at $6.0150, with a volume of 28,325 shares.

Pcm Fund Trading Up 0.1%

The business’s 50-day moving average is $6.11 and its two-hundred day moving average is $6.30.

Pcm Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Tuesday, January 13th will be issued a $0.0642 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a c) annualized dividend and a dividend yield of 12.8%.

Institutional Trading of Pcm Fund

An institutional investor recently bought a new position in Pcm Fund stock. Scotia Capital Inc. purchased a new stake in Pcm Fund (NYSE:PCM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,784 shares of the investment management company’s stock, valued at approximately $92,000. Scotia Capital Inc. owned 0.11% of Pcm Fund as of its most recent SEC filing. 10.26% of the stock is owned by institutional investors and hedge funds.

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.