PCM Fund, Inc. (NYSE:PCM) Experiences Heavy Trading Volume


PCM Fund, Inc. shares had a trading volume of 76K by the end of trading on Thursday. Overall, volume was up 131.75% over the stocks normal daily volume.

Here are a few additional firms who have increased or decreased their stake in (PCM). As of the end of the quarter Ifp Advisors, Inc had bought 2,316 shares growing its position 257.3%. The value of the company’s investment in PCM Fund, Inc. increased from $9,000 to $36,000 a change of 300.0% since the last quarter. Creative Planning trimmed its ownership by shedding 1,701 shares a decrease of 56.7%. Creative Planning now holds 1,300 shares with a value of $15,000. The total value of its holdings decreased 46.4%.

As of quarter end Horizon Kinetics LLC had disposed of a total of 16,596 shares trimming its holdings by 7.0%. The value in dollars went from $2,354,000 to $2,221,000 decreasing 5.6% quarter over quarter. As of the end of the quarter Ladenburg Thalmann Financial Services Inc. had acquired 617 shares growing its stake by 1.1%. The value of the investment in PCM went from $547,000 to $561,000 a change of $14,000 for the reporting period.

In the market the company is trading down from yesterday’s close of $11.5. Shares of the company are trading at $11.32 a bit higher than the 50 day moving average of $11.31 and which is just over the 200 day moving average of $10.62. The 50 day moving average was up $0.01 or +0.10% and the 200 day average was up $0.70.

PCM Fund, Inc. (the Fund), formerly PIMCO Commercial Mortgage Securities Trust, Inc., is a non-diversified, closed-end bond fund. The Fund’s primary investment objective is to achieve current income by investing in a portfolio comprising primarily commercial mortgage-backed securities (CMBS). These securities are fixed-income instruments representing an interest in mortgage loans on commercial real estate properties, such as office buildings, shopping malls, hotels, apartment buildings, nursing homes and industrial properties..