Pcm Fund (NYSE:PCM) Share Price Passes Above 50-Day Moving Average – Here’s Why

Pcm Fund (NYSE:PCM)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.07 and traded as high as $6.08. Pcm Fund shares last traded at $6.0650, with a volume of 38,101 shares changing hands.

Pcm Fund Stock Performance

The stock has a 50-day simple moving average of $6.07 and a 200-day simple moving average of $6.27.

Pcm Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be given a dividend of $0.0642 per share. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Thursday, February 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. StoneX Group Inc. purchased a new stake in Pcm Fund during the fourth quarter worth approximately $68,000. Everett Harris & Co. CA purchased a new position in shares of Pcm Fund in the 4th quarter valued at $80,000. Integrity Advisory Solutions LLC acquired a new position in shares of Pcm Fund during the 4th quarter valued at $83,000. Scotia Capital Inc. purchased a new stake in Pcm Fund during the 3rd quarter worth $92,000. Finally, Kestra Advisory Services LLC boosted its position in Pcm Fund by 65.2% during the 4th quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock worth $213,000 after purchasing an additional 13,667 shares during the period. 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.