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

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 $5.84 and traded as low as $5.76. Pcm Fund shares last traded at $5.7950, with a volume of 17,824 shares changing hands.

Pcm Fund Trading Up 0.6%

The business’s 50-day moving average is $5.67 and its two-hundred day moving average is $5.84.

Pcm Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be given a dividend of $0.0642 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) annualized dividend and a dividend yield of 13.3%.

Hedge Funds Weigh In On Pcm Fund

Several institutional investors have recently modified their holdings of the business. Arlington Capital Management Inc. purchased a new stake in shares of Pcm Fund during the first quarter valued at approximately $328,000. Rivernorth Capital Management LLC boosted its position in Pcm Fund by 59.3% in the first quarter. Rivernorth Capital Management LLC now owns 479,504 shares of the investment management company’s stock worth $2,738,000 after purchasing an additional 178,434 shares during the last quarter. Kestra Advisory Services LLC boosted its position 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 worth $213,000 after purchasing an additional 13,667 shares during the last quarter. LPL Financial LLC grew its stake in Pcm Fund by 6.7% in the 4th quarter. LPL Financial LLC now owns 308,436 shares of the investment management company’s stock valued at $1,894,000 after purchasing an additional 19,364 shares during the period. Finally, Guggenheim Capital LLC grew its stake in Pcm Fund by 33.4% in the 4th 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 during the period. 10.26% of the stock is owned by institutional investors.

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.