57,584 Shares in PCM Fund Inc. (NYSE:PCM) Acquired by Sovran Advisors LLC

Sovran Advisors LLC bought a new position in shares of PCM Fund Inc. (NYSE:PCM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 57,584 shares of the investment management company’s stock, valued at approximately $443,000. Sovran Advisors LLC owned about 0.48% of PCM Fund as of its most recent filing with the Securities & Exchange Commission.

Separately, Horizon Kinetics Asset Management LLC boosted its holdings in shares of PCM Fund by 64.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 40,252 shares of the investment management company’s stock valued at $322,000 after acquiring an additional 15,720 shares in the last quarter. 10.26% of the stock is currently owned by institutional investors.

PCM Fund Trading Down 0.1 %

PCM Fund stock opened at $6.75 on Thursday. PCM Fund Inc. has a 12 month low of $6.50 and a 12 month high of $9.15. The stock has a 50-day moving average price of $7.19 and a two-hundred day moving average price of $7.66.

PCM Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be paid a $0.0642 dividend. This represents a $0.77 annualized dividend and a dividend yield of 11.42%. The ex-dividend date is Thursday, February 13th.

About PCM Fund

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.