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

Pcm Fund (NYSE:PCM)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.92 and traded as low as $5.61. Pcm Fund shares last traded at $5.6350, with a volume of 44,452 shares changing hands.

Pcm Fund Price Performance

The company has a 50-day simple moving average of $5.73 and a 200 day simple moving average of $5.92.

Pcm Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be given a dividend of $0.0642 per share. This represents a c) annualized dividend and a yield of 13.7%. The ex-dividend date is Thursday, June 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PCM. StoneX Group Inc. purchased a new stake in shares of Pcm Fund during the 4th quarter worth about $68,000. Everett Harris & Co. CA acquired a new position in Pcm Fund in the 4th quarter worth about $80,000. Integrity Advisory Solutions LLC acquired a new position in Pcm Fund in the 4th quarter worth about $83,000. Scotia Capital Inc. purchased a new position in Pcm Fund during the third quarter worth approximately $92,000. Finally, Kestra Advisory Services LLC boosted its position in Pcm Fund by 65.2% during 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 in the last quarter. Institutional investors and hedge funds 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.