Pcm Fund (NYSE:PCM) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Pcm Fund (NYSE:PCM)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.22 and traded as low as $5.52. Pcm Fund shares last traded at $5.58, with a volume of 73,071 shares changing hands.

Pcm Fund Trading Down 1.8%

The company has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $6.22.

Pcm Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be given a dividend of $0.0642 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 13.8%.

Institutional Trading of Pcm Fund

Institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC lifted its position in Pcm Fund by 6.7% during the 4th quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock worth $1,894,000 after acquiring an additional 19,364 shares during the last quarter. Rivernorth Capital Management LLC bought a new stake in Pcm Fund during the 4th quarter valued at approximately $1,849,000. Guggenheim Capital LLC boosted its stake in Pcm Fund by 33.4% during the 4th quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock valued at $1,779,000 after purchasing an additional 72,482 shares during the period. Sovran Advisors LLC grew its holdings in Pcm Fund by 3.9% in the 3rd quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock valued at $553,000 after buying an additional 3,354 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in Pcm Fund by 65.2% in the 4th quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock valued at $213,000 after buying an additional 13,667 shares during the last quarter. 10.26% of the stock is currently owned by institutional investors and hedge funds.

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.