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

Pcm Fund (NYSE:PCM)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.83 and traded as low as $5.60. Pcm Fund shares last traded at $5.6340, with a volume of 32,891 shares changing hands.

Pcm Fund Trading Up 0.1%

The company’s 50-day simple moving average is $5.66 and its two-hundred day simple moving average is $5.83.

Pcm Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be paid a dividend of $0.0642 per share. This represents a c) annualized dividend and a dividend yield of 13.7%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Trading of Pcm Fund

Several large investors have recently modified their holdings of the business. StoneX Group Inc. purchased a new position in Pcm Fund during the 4th quarter valued at about $68,000. Everett Harris & Co. CA purchased a new stake in Pcm Fund in the 4th quarter worth approximately $80,000. Integrity Advisory Solutions LLC purchased a new stake in Pcm Fund in the 4th quarter worth approximately $83,000. Scotia Capital Inc. bought a new stake in shares of Pcm Fund in the 3rd quarter worth approximately $92,000. Finally, Kestra Advisory Services LLC grew its position 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 buying an additional 13,667 shares during the last quarter. 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.