Pcm Fund (NYSE:PCM) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Pcm Fund (NYSE:PCM)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.84 and traded as low as $5.76. Pcm Fund shares last traded at $5.7950, with a volume of 17,824 shares traded.

Pcm Fund Stock Performance

The firm’s 50-day simple moving average is $5.68 and its 200-day simple moving average is $5.84.

Pcm Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be issued a dividend of $0.0642 per share. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date is Monday, July 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PCM. StoneX Group Inc. bought a new position in shares of Pcm Fund in the 4th quarter worth about $68,000. Everett Harris & Co. CA purchased a new position in Pcm Fund during the 4th quarter valued at about $80,000. Integrity Advisory Solutions LLC bought a new stake in Pcm Fund during the fourth quarter worth about $83,000. Scotia Capital Inc. bought a new stake in Pcm Fund during the third quarter worth about $92,000. Finally, Kestra Advisory Services LLC grew its holdings in Pcm Fund by 65.2% in 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 during the period. 10.26% of the stock is owned by hedge funds and other institutional investors.

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.