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

Shares of Pcm Fund (NYSE:PCM) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.80 and traded as low as $5.55. Pcm Fund shares last traded at $5.58, with a volume of 29,515 shares traded.

Pcm Fund Trading Down 0.2%

The company has a fifty day moving average price of $5.64 and a two-hundred day moving average price of $5.80.

Pcm Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be given a $0.0642 dividend. This represents a c) annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Investors Weigh In On Pcm Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. StoneX Group Inc. acquired a new position in shares of Pcm Fund in the 4th quarter valued at $68,000. Everett Harris & Co. CA bought a new position in shares of Pcm Fund during the 4th quarter worth about $80,000. Integrity Advisory Solutions LLC acquired a new stake in shares of Pcm Fund during the 4th quarter valued at about $83,000. Kestra Advisory Services LLC increased its stake in Pcm Fund by 65.2% in the fourth 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 during the period. Finally, Scotia Capital Inc. bought a new position in shares of Pcm Fund during the 3rd quarter worth approximately $92,000. Institutional investors own 10.26% of the company’s stock.

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.