Pcm Fund (NYSE:PCM) Plans Monthly Dividend of $0.06

Pcm Fund (NYSE:PCM) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be given a dividend of 0.0642 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 13.7%. The ex-dividend date of this dividend is Monday, July 13th.

Pcm Fund Price Performance

Shares of PCM opened at $5.62 on Thursday. The stock has a 50-day moving average price of $5.67 and a 200 day moving average price of $5.85. Pcm Fund has a one year low of $5.48 and a one year high of $6.76.

Hedge Funds Weigh In On Pcm Fund

Hedge funds have recently bought and sold shares of the company. StoneX Group Inc. acquired a new position in shares of Pcm Fund in the 4th quarter worth approximately $68,000. Everett Harris & Co. CA bought a new position in shares of Pcm Fund during the fourth quarter worth about $80,000. Integrity Advisory Solutions LLC acquired a new stake in shares of Pcm Fund in the fourth quarter valued at approximately $83,000. Kestra Advisory Services LLC increased its position in Pcm Fund by 65.2% in the 4th quarter. Kestra Advisory Services LLC now owns 34,637 shares of the investment management company’s stock valued at $213,000 after acquiring an additional 13,667 shares during the period. Finally, Scotia Capital Inc. acquired a new position in shares of Pcm Fund during the third quarter valued at $92,000. 10.26% of the stock is currently owned by institutional investors and hedge funds.

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.