PCM Fund (NYSE:PCM) Share Price Passes Below 200-Day Moving Average of $8.76

PCM Fund Inc. (NYSE:PCM – Get Rating) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.76 and traded as low as $8.55. PCM Fund shares last traded at $8.76, with a volume of 50,551 shares trading hands.

PCM Fund Stock Performance

The business’s 50 day simple moving average is $9.03 and its two-hundred day simple moving average is $8.76.

PCM Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 13th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 10.96%.

Institutional Trading of PCM Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates grew its stake in shares of PCM Fund by 5.7% in the third quarter. Raymond James & Associates now owns 29,589 shares of the investment management company’s stock worth $236,000 after acquiring an additional 1,595 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of PCM Fund by 2.0% in the first quarter. NewEdge Advisors LLC now owns 139,845 shares of the investment management company’s stock worth $1,424,000 after buying an additional 2,700 shares in the last quarter. UBS Group AG lifted its holdings in shares of PCM Fund by 134.3% in the fourth quarter. UBS Group AG now owns 5,811 shares of the investment management company’s stock worth $46,000 after buying an additional 3,331 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in shares of PCM Fund by 30.4% in the third quarter. Financial Advocates Investment Management now owns 50,093 shares of the investment management company’s stock worth $400,000 after buying an additional 11,674 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its position in PCM Fund by 25.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 60,728 shares of the investment management company’s stock worth $479,000 after purchasing an additional 12,231 shares during the last quarter. 7.29% of the stock is currently owned by institutional investors.

About PCM Fund

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PCM Fund Inc is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.