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

Pcm Fund (NYSE:PCM)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.87 and traded as low as $5.51. Pcm Fund shares last traded at $5.54, with a volume of 60,181 shares trading hands.

Pcm Fund Stock Performance

The firm has a 50 day moving average of $5.68 and a 200 day moving average of $5.87.

Pcm Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.0642 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date is Thursday, June 11th.

Institutional Trading of Pcm Fund

Several hedge funds have recently modified their holdings of PCM. Everett Harris & Co. CA bought a new position in Pcm Fund during the fourth quarter worth $80,000. LPL Financial LLC grew its holdings in Pcm Fund by 6.7% in the fourth quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock worth $1,894,000 after purchasing an additional 19,364 shares during the period. Rivernorth Capital Management LLC bought a new stake in Pcm Fund in the fourth quarter valued at $1,849,000. Guggenheim Capital LLC increased its stake in Pcm Fund by 33.4% in the fourth quarter. Guggenheim Capital LLC now owns 289,786 shares of the investment management company’s stock valued at $1,779,000 after purchasing an additional 72,482 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in Pcm Fund by 65.2% in the fourth quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock valued at $213,000 after purchasing an additional 13,667 shares in the last quarter. Institutional investors own 10.26% of the company’s stock.

Pcm Fund Company Profile

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.