PCM Fund (NYSE:PCM) Stock Passes Above 50 Day Moving Average of $11.28

Shares of PCM Fund, Inc. (NYSE:PCM) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.28 and traded as high as $11.50. PCM Fund shares last traded at $11.49, with a volume of 3,416 shares traded.

The company’s 50 day simple moving average is $11.31 and its two-hundred day simple moving average is $11.27.

Several hedge funds have recently added to or reduced their stakes in PCM. FNY Investment Advisers LLC boosted its position in PCM Fund by 1,981.5% in the 3rd quarter. FNY Investment Advisers LLC now owns 3,372 shares of the investment management company’s stock valued at $37,000 after buying an additional 3,210 shares during the period. Wells Fargo & Company MN increased its position in PCM Fund by 37.7% in the second quarter. Wells Fargo & Company MN now owns 17,863 shares of the investment management company’s stock worth $202,000 after buying an additional 4,886 shares during the period. BB&T Securities LLC increased its position in PCM Fund by 5.7% in the third quarter. BB&T Securities LLC now owns 18,600 shares of the investment management company’s stock worth $207,000 after buying an additional 1,000 shares during the period. Commonwealth Equity Services LLC increased its position in PCM Fund by 2.1% in the second quarter. Commonwealth Equity Services LLC now owns 62,177 shares of the investment management company’s stock worth $703,000 after buying an additional 1,259 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV increased its position in PCM Fund by 9.0% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 81,375 shares of the investment management company’s stock worth $921,000 after buying an additional 6,700 shares during the period. Institutional investors own 9.03% of the company’s stock.

PCM Fund Company Profile (NYSE:PCM)

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.

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