Pcm Fund (NYSE:PCM – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be paid a dividend of 0.0642 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Monday, July 13th.
Pcm Fund Stock Performance
Pcm Fund stock opened at $5.74 on Friday. Pcm Fund has a 1 year low of $5.48 and a 1 year high of $6.76. The business has a 50-day moving average of $5.67 and a 200-day moving average of $5.85.
Hedge Funds Weigh In On Pcm Fund
A number of large investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC raised its holdings in shares of Pcm Fund by 59.3% in the first quarter. Rivernorth Capital Management LLC now owns 479,504 shares of the investment management company’s stock valued at $2,738,000 after purchasing an additional 178,434 shares during the last quarter. Arlington Capital Management Inc. acquired a new position in shares of Pcm Fund in the first quarter valued at approximately $328,000. Guggenheim Capital LLC increased its position 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 worth $1,779,000 after buying an additional 72,482 shares during the period. Kestra Advisory Services LLC raised its stake 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 worth $213,000 after purchasing an additional 13,667 shares in the last quarter. Finally, StoneX Group Inc. bought a new stake in shares of Pcm Fund in the fourth quarter valued at approximately $68,000. Institutional investors own 10.26% of the company’s stock.
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.
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