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

Shares of Pcm Fund (NYSE:PCM) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.32 and traded as low as $5.98. Pcm Fund shares last traded at $6.0050, with a volume of 101,360 shares trading hands.

Pcm Fund Stock Down 0.1%

The stock’s fifty day simple moving average is $6.12 and its 200-day simple moving average is $6.32.

Pcm Fund Dividend Announcement

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

Hedge Funds Weigh In On Pcm Fund

An institutional investor recently raised its position in Pcm Fund stock. Sovran Advisors LLC grew its stake in shares of Pcm Fund (NYSE:PCM) by 3.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 88,609 shares of the investment management company’s stock after acquiring an additional 3,354 shares during the quarter. Sovran Advisors LLC owned about 0.73% of Pcm Fund worth $553,000 as of its most recent SEC filing. Institutional investors and hedge funds own 10.26% of the company’s stock.

About Pcm Fund

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.