Pcm Fund (NYSE:PCM) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Pcm Fund (NYSE:PCM) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.35 and traded as low as $6.04. Pcm Fund shares last traded at $6.05, with a volume of 63,814 shares trading hands.

Pcm Fund Price Performance

The firm has a 50-day simple moving average of $6.20 and a two-hundred day simple moving average of $6.35.

Pcm Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a $0.0642 dividend. The ex-dividend date is Thursday, December 11th. This represents a c) dividend on an annualized basis and a yield of 12.7%.

Institutional Trading of Pcm Fund

A number of institutional investors have recently added to or reduced their stakes in PCM. Ieq Capital LLC bought a new stake in Pcm Fund in the first quarter worth approximately $591,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Pcm Fund in the 1st quarter valued at $1,565,000. Sovran Advisors LLC boosted its holdings in Pcm Fund by 3.9% in the third quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company’s stock worth $553,000 after purchasing an additional 3,354 shares in the last quarter. Finally, Scotia Capital Inc. bought a new stake in Pcm Fund in the third quarter worth $92,000. 10.26% of the stock is currently owned by institutional investors and hedge funds.

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.