Pcm Fund (NYSE:PCM) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Pcm Fund (NYSE:PCM) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.32 and traded as low as $5.98. Pcm Fund shares last traded at $6.0050, with a volume of 101,360 shares trading hands.

Pcm Fund Trading Down 0.1%

The company’s fifty day simple moving average is $6.12 and its 200-day simple moving average is $6.31.

Pcm Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be issued a dividend of $0.0642 per share. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Tuesday, January 13th.

Institutional Trading of Pcm Fund

An institutional investor recently bought a new position in Pcm Fund stock. Scotia Capital Inc. bought a new stake in shares of Pcm Fund (NYSE:PCM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,784 shares of the investment management company’s stock, valued at approximately $92,000. Scotia Capital Inc. owned approximately 0.11% of Pcm Fund at the end of the most recent quarter. 10.26% of the stock is owned by institutional investors and hedge funds.

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.