PCM Fund Inc. (NYSE:PCM) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its stake in PCM Fund Inc. (NYSE:PCM) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 127,445 shares of the investment management company’s stock after selling 4,250 shares during the period. NewEdge Advisors LLC’s holdings in PCM Fund were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Financial Advocates Investment Management increased its holdings in shares of PCM Fund by 3.4% in the second quarter. Financial Advocates Investment Management now owns 180,897 shares of the investment management company’s stock valued at $1,342,000 after purchasing an additional 5,972 shares during the period. Institutional investors own 10.26% of the company’s stock.

PCM Fund Stock Performance

PCM Fund stock opened at $7.98 on Tuesday. The business has a 50 day simple moving average of $7.79 and a 200-day simple moving average of $8.05. PCM Fund Inc. has a 12 month low of $6.88 and a 12 month high of $9.15.

PCM Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, October 11th. This represents a $0.96 dividend on an annualized basis and a yield of 12.03%.

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.