Pcm Fund (NYSE:PCM) Shares Pass Below 200-Day Moving Average - Time to Sell?

Pcm Fund (NYSE:PCM - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.36 and traded as low as $6.16. Pcm Fund shares last traded at $6.17, with a volume of 57,404 shares traded.Pcm Fund Price PerformanceThe stock's 50-day simple moving average is $6.42 and its two-hundred day simple moving average is $6.36. Pcm Fund Dividend AnnouncementThe company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.0642 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 12.5%. Institutional Inflows and OutflowsSeveral institutional investors have recently bought and sold shares of PCM. Landscape Capital Management L.L.C. bought a new position in Pcm Fund in the first quarter worth about $1,565,000. Ieq Capital LLC purchased a new position in Pcm Fund during the 1st quarter worth approximately $591,000. Scotia Capital Inc. acquired a new position in Pcm Fund during the third quarter valued at $92,000. Finally, Sovran Advisors LLC lifted its holdings in shares of Pcm Fund by 3.9% in the 3rd quarter. Sovran Advisors LLC now owns 88,609 shares of the investment management company's stock valued at $553,000 after buying an additional 3,354 shares during the period. 10.26% of the stock is currently owned by hedge funds and other institutional investors. 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.Featured StoriesFive stocks we like better than Pcm FundBest Stocks Under $10.00 Keysight Technologies' Surge: The Market Wakes Up to This AI PlayDividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness Is American Express the Credit Stock For a K-Shaped Economy?The How And Why of Investing in Oil StocksPowering Up: How a Credit Upgrade Fuels Vistra’s AI AmbitionsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Pcm Fund Right Now?Before you consider Pcm Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pcm Fund wasn't on the list.While Pcm Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here