Janney Montgomery Scott LLC Reduces Stock Holdings in PCM Fund Inc. (NYSE:PCM)

Janney Montgomery Scott LLC trimmed its position in PCM Fund Inc. (NYSE:PCM) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,290 shares of the investment management company’s stock after selling 2,859 shares during the period. Janney Montgomery Scott LLC owned about 0.20% of PCM Fund worth $187,000 as of its most recent SEC filing.

Separately, Horizon Kinetics Asset Management LLC boosted its position in PCM Fund by 64.1% in the third quarter. Horizon Kinetics Asset Management LLC now owns 40,252 shares of the investment management company’s stock worth $322,000 after purchasing an additional 15,720 shares during the last quarter. Hedge funds and other institutional investors own 10.26% of the company’s stock.

PCM Fund Price Performance

Shares of NYSE:PCM opened at $6.70 on Friday. The stock’s 50-day simple moving average is $7.17 and its two-hundred day simple moving average is $7.66. PCM Fund Inc. has a 52-week low of $6.50 and a 52-week high of $9.15.

PCM Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a $0.0642 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.77 annualized dividend and a yield of 11.51%.

PCM Fund Profile

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.