Pcm Fund (NYSE:PCM) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Pcm Fund (NYSE:PCM)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.73 and traded as low as $5.41. Pcm Fund shares last traded at $5.42, with a volume of 33,591 shares changing hands.

Pcm Fund Stock Performance

The business’s 50-day simple moving average is $5.62 and its 200 day simple moving average is $5.73.

Pcm Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a $0.0642 dividend. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date is Thursday, August 13th.

Hedge Funds Weigh In On Pcm Fund

Several hedge funds have recently modified their holdings of the company. StoneX Group Inc. bought a new position in Pcm Fund during the fourth quarter valued at about $68,000. Everett Harris & Co. CA acquired a new stake in Pcm Fund in the 4th quarter valued at about $80,000. Integrity Advisory Solutions LLC bought a new position in shares of Pcm Fund during the 4th quarter valued at about $83,000. Scotia Capital Inc. bought a new position in shares of Pcm Fund during the 3rd quarter valued at about $92,000. Finally, Kestra Advisory Services LLC grew its stake in shares of Pcm Fund by 65.2% in the 4th quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock worth $213,000 after purchasing an additional 13,667 shares during the last quarter. 10.26% of the stock is currently owned by institutional investors and hedge funds.

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.