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 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.90 and traded as low as $5.56. Pcm Fund shares last traded at $5.5780, with a volume of 15,727 shares.

Pcm Fund Trading Up 0.7%

The business’s 50-day simple moving average is $5.71 and its two-hundred day simple moving average is $5.90.

Pcm Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a $0.0642 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend is Thursday, June 11th.

Hedge Funds Weigh In On Pcm Fund

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

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.