Pcm Fund (NYSE:PCM) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Pcm Fund (NYSE:PCM) shares passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $5.03 and traded as low as $4.98. Pcm Fund shares last traded at $5.0050, with a volume of 157,695 shares.

Pcm Fund Stock Down 0.1%

The company’s fifty day simple moving average is $5.01 and its 200-day simple moving average is $5.55.

Pcm Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be issued a dividend of $0.0642 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date of this dividend is Friday, November 13th.

Institutional Trading of Pcm Fund

Several institutional investors have recently made changes to their positions in PCM. Rivernorth Capital Management LLC raised 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 in the last quarter. Concord Investment Counsel Inc. bought a new position in Pcm Fund during the second quarter worth about $358,000. Landscape Capital Management L.L.C. acquired a new stake in Pcm Fund during the second quarter valued at approximately $322,000. Finally, Arlington Capital Management Inc. boosted its holdings in Pcm Fund by 8.0% during the second quarter. Arlington Capital Management Inc. now owns 62,070 shares of the investment management company’s stock valued at $346,000 after purchasing an additional 4,582 shares in the last quarter. 10.26% of the stock is currently owned by institutional investors and hedge funds.

Pcm Fund Company Profile

PCM Fund, Inc. is a closed-end investment fund that focuses primarily on commercial mortgage-backed securities and other mortgage-related investments. Through a portfolio of fixed-income assets, the fund seeks to generate current income while also providing the potential for capital appreciation. The fund’s investments may include securities backed by pools of commercial real estate loans, as well as other debt instruments and structured products related to the commercial property market. Its performance is influenced by interest rates, credit conditions, property-market fundamentals and the quality of the underlying loans.