Pcm Fund (NYSE:PCM) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Pcm Fund (NYSE:PCM)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.90 and traded as low as $5.56. Pcm Fund shares last traded at $5.5780, with a volume of 15,727 shares trading hands.

Pcm Fund Stock Performance

The firm has a 50 day simple moving average of $5.71 and a two-hundred day simple moving average of $5.90.

Pcm Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.0642 per share. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a yield of 13.8%.

Hedge Funds Weigh In On Pcm Fund

Several large investors have recently bought and sold shares of the stock. StoneX Group Inc. bought a new position in Pcm Fund during the 4th quarter valued at $68,000. Everett Harris & Co. CA bought a new position in Pcm Fund during the 4th quarter valued at $80,000. Integrity Advisory Solutions LLC bought a new position in Pcm Fund during the 4th quarter valued at $83,000. Kestra Advisory Services LLC lifted its stake 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 valued at $213,000 after acquiring an additional 13,667 shares in the last quarter. Finally, Scotia Capital Inc. bought a new position in Pcm Fund during the 3rd quarter valued at $92,000. 10.26% of the stock is currently owned by institutional investors.

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.