Pcm Fund (NYSE:PCM – Get Free Report) announced a monthly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be given a dividend of $0.0642 per share by the investment management company on Monday, November 2nd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 15.4%. The ex-dividend date is Tuesday, October 13th.
Pcm Fund Price Performance
PCM opened at $5.01 on Friday. The firm has a 50 day simple moving average of $5.35 and a 200 day simple moving average of $5.57. Pcm Fund has a fifty-two week low of $4.85 and a fifty-two week high of $6.76.
Institutional Trading of Pcm Fund
A number of large investors have recently made changes to their positions in PCM. Arlington Capital Management Inc. increased its position in shares of Pcm Fund by 8.0% during the second quarter. Arlington Capital Management Inc. now owns 62,070 shares of the investment management company’s stock worth $346,000 after acquiring an additional 4,582 shares in the last quarter. Rivernorth Capital Management LLC boosted its stake in Pcm Fund by 6.8% in the 2nd quarter. Rivernorth Capital Management LLC now owns 512,236 shares of the investment management company’s stock worth $2,858,000 after purchasing an additional 32,732 shares during the period. Landscape Capital Management L.L.C. bought a new position in Pcm Fund during the 2nd quarter worth about $322,000. Concord Investment Counsel Inc. acquired a new stake in shares of Pcm Fund in the 2nd quarter valued at about $358,000. Finally, Everett Harris & Co. CA bought a new stake in shares of Pcm Fund in the fourth quarter valued at about $80,000. Institutional investors own 10.26% of the company’s stock.
About Pcm Fund
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.
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