Pcm Fund (NYSE:PCM) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Pcm Fund (NYSE:PCM) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.84 and traded as low as $5.76. Pcm Fund shares last traded at $5.7950, with a volume of 17,824 shares changing hands.

Pcm Fund Trading Up 0.6%

The firm’s fifty day moving average price is $5.67 and its two-hundred day moving average price is $5.84.

Pcm Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a $0.0642 dividend. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a yield of 13.3%.

Hedge Funds Weigh In On Pcm Fund

A number of institutional investors have recently modified their holdings of PCM. Scotia Capital Inc. acquired a new stake in Pcm Fund in the 3rd quarter valued at $92,000. Integrity Advisory Solutions LLC acquired a new position in Pcm Fund during the fourth quarter worth $83,000. LPL Financial LLC lifted its stake in shares of Pcm Fund by 6.7% in the fourth quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock valued at $1,894,000 after buying an additional 19,364 shares in the last quarter. Everett Harris & Co. CA acquired a new position in shares of Pcm Fund during the fourth quarter valued at about $80,000. Finally, StoneX Group Inc. acquired a new position in shares of Pcm Fund during the fourth quarter valued at about $68,000. 10.26% of the stock is 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.