Pcm Fund (NYSE:PCM) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Pcm Fund (NYSE:PCM)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.36 and traded as low as $6.20. Pcm Fund shares last traded at $6.25, with a volume of 56,334 shares.

Pcm Fund Stock Up 0.6%

The business has a fifty day moving average of $6.33 and a 200 day moving average of $6.36.

Pcm Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a dividend of $0.0642 per share. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Thursday, December 11th.

Institutional Trading of Pcm Fund

Hedge funds have recently modified their holdings of the company. Scotia Capital Inc. bought a new position in Pcm Fund during the 3rd quarter worth approximately $92,000. Sovran Advisors LLC increased its stake in Pcm Fund by 3.9% in the third quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock valued at $553,000 after purchasing an additional 3,354 shares in the last quarter. Ieq Capital LLC acquired a new stake in Pcm Fund in the first quarter worth $591,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Pcm Fund during the first quarter worth $1,565,000. 10.26% of the stock is currently owned by institutional investors and hedge funds.

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.