Pcm Fund (NYSE:PCM) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of Pcm Fund (NYSE:PCMGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.63 and traded as low as $5.05. Pcm Fund shares last traded at $5.0950, with a volume of 72,746 shares trading hands.

Pcm Fund Price Performance

The business’s 50-day moving average is $5.48 and its two-hundred day moving average is $5.63.

Pcm Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be issued a $0.0642 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 15.2%.

Institutional Trading of Pcm Fund

Several institutional investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC raised its stake in Pcm Fund by 6.8% during the second quarter. Rivernorth Capital Management LLC now owns 512,236 shares of the investment management company’s stock worth $2,858,000 after acquiring an additional 32,732 shares in the last quarter. Concord Investment Counsel Inc. bought a new stake in shares of Pcm Fund in the 2nd quarter worth about $358,000. Arlington Capital Management Inc. increased its position in shares of Pcm Fund by 8.0% during the 2nd quarter. Arlington Capital Management Inc. now owns 62,070 shares of the investment management company’s stock worth $346,000 after purchasing an additional 4,582 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Pcm Fund during the 2nd quarter worth about $322,000. Finally, Integrity Advisory Solutions LLC bought a new position in Pcm Fund during the 4th quarter valued at about $83,000. Institutional investors and hedge funds own 10.26% of the company’s stock.

Pcm Fund Company Profile

(Get Free Report)

PCM Fund, Inc (NYSE: PCM) is a closed-end investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund is designed to provide investors with access to professionally managed fixed-income investments rather than operating a conventional business.

The fund primarily invests in commercial mortgage-backed securities and other mortgage-related investments. Its investment strategy is focused on generating a high level of current income, with capital appreciation as a secondary objective.

Further Reading

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