PCM Fund (NYSE:PCM) Share Price Passes Below 200 Day Moving Average – Here’s Why

Posted by Defense World Staff on Apr 2nd, 2025

PCM Fund Inc. (NYSE:PCM – Get Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.38 and traded as low as $6.41. PCM Fund shares last traded at $6.45, with a volume of 30,501 shares trading hands.

PCM Fund Trading Down 0.2 %

The stock has a fifty day moving average of $6.60 and a two-hundred day moving average of $7.38.

PCM Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were paid a dividend of $0.0642 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 11.95%.

Institutional Trading of PCM Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in PCM Fund in the fourth quarter valued at about $137,000. Two Sigma Securities LLC acquired a new stake in shares of PCM Fund in the 4th quarter worth approximately $152,000. Sovran Advisors LLC purchased a new position in PCM Fund in the 4th quarter valued at approximately $443,000. Finally, Financial Advocates Investment Management raised its holdings in PCM Fund by 10.8% during the fourth quarter. Financial Advocates Investment Management now owns 215,820 shares of the investment management company’s stock worth $1,662,000 after purchasing an additional 20,950 shares during the last quarter. Institutional investors and hedge funds own 10.26% of the company’s stock.

PCM Fund Company Profile

(Get Free Report)

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.