Commonwealth Equity Services LLC Has $368,000 Position in PCM Fund Inc. (NYSE:PCM)

Commonwealth Equity Services LLC cut its holdings in PCM Fund Inc. (NYSE:PCM) by 32.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 47,760 shares of the investment management company’s stock after selling 22,563 shares during the quarter. Commonwealth Equity Services LLC’s holdings in PCM Fund were worth $368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of PCM Fund in the fourth quarter valued at approximately $137,000. Sovran Advisors LLC acquired a new position in shares of PCM Fund in the fourth quarter valued at $443,000. Finally, Financial Advocates Investment Management lifted its position 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 acquiring an additional 20,950 shares during the last quarter. 10.26% of the stock is currently owned by institutional investors and hedge funds.

PCM Fund Price Performance

Shares of PCM Fund stock opened at $6.27 on Monday. The firm has a 50-day moving average of $6.58 and a 200-day moving average of $7.35. PCM Fund Inc. has a 52-week low of $6.11 and a 52-week high of $9.15.

PCM Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be given a dividend of $0.0642 per share. The ex-dividend date is Friday, April 11th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 12.30%.

PCM Fund Company 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.