Pcm Fund (NYSE:PCM) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Pcm Fund (NYSE:PCM) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.37 and traded as low as $6.03. Pcm Fund shares last traded at $6.0490, with a volume of 31,760 shares.

Pcm Fund Trading Up 0.6%

The firm has a 50-day simple moving average of $6.47 and a 200 day simple moving average of $6.37.

Pcm Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a $0.0642 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Trading of Pcm Fund

Several institutional investors have recently bought and sold shares of the company. Landscape Capital Management L.L.C. bought a new position in Pcm Fund during the first quarter valued at approximately $1,565,000. Arlington Capital Management Inc. bought a new position in shares of Pcm Fund in the first quarter worth about $651,000. Ieq Capital LLC bought a new position in shares of Pcm Fund during the first quarter worth $591,000. Scotia Capital Inc. purchased a new position in Pcm Fund during the third quarter valued at $92,000. Finally, Sovran Advisors LLC increased its holdings in Pcm Fund by 3.9% in the 3rd quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock valued at $553,000 after acquiring an additional 3,354 shares during the last quarter. 10.26% of the stock is owned by hedge funds and other institutional investors.

About Pcm Fund

PCM Fund Inc is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.