Trading volume for PCM Fund, Inc. was 70K in the last trading session. Trading volume was up 111.36% over the stocks average daily volume.
These funds have also shifted positions in (PCM). As of quarter end Creative Planning had sold 1,701 shares trimming its stake by 56.7%. The value of the investment in (PCM) went from $28,000 to $15,000 a change of $13,000 quarter over quarter. As of the end of the quarter Horizon Kinetics LLC had disposed of a total of 16,596 shares trimming its holdings by 7.0%. The value of the investment in PCM decreased from $2,354,000 to $2,221,000 decreasing 5.6% for the reporting period.
As of quarter end Ladenburg Thalmann Financial Services Inc. had acquired 617 shares growing its position 1.1%. The value of the total investment in PCM Fund, Inc. went from $547,000 to $561,000 a change of 2.6% since the last quarter. Guggenheim Capital LLC divested its ownership by shedding 34,235 shares a decrease of 39.5% as of 03/31/2017. Guggenheim Capital LLC claims 52,527 shares worth $533,000. The total value of its holdings decreased 38.6%.
The company is trading up since yesterday’s close of $11.28. Company shares last traded at $11.31 which is marginally higher than $10.84, the 50 day moving average and a tad higher than the 200 day moving average of $10.37. The 50 day moving average was up by +4.33% and the 200 day average was up $0.94.
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..