November 18, 2016 - By Louis Casey · 0 Comments
PCM Fund Inc (NYSE:PCM) institutional sentiment increased to 2 in 2016 Q2. Its up 1.46, from 0.54 in 2016Q1. The ratio is positive, as 7 active investment managers started new or increased positions, while 13 cut down and sold equity positions in PCM Fund Inc. The active investment managers in our partner’s database now own: 1.72 million shares, down from 1.93 million shares in 2016Q1. Also, the number of active investment managers holding PCM Fund Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 5 Increased: 3 New Position: 4.
PCM Fund Inc. is a diversified closed-end management investment company. The company has a market cap of $114.97 million. The Company’s primary investment objective is to seek to achieve high current income. It currently has negative earnings. Capital gains from the disposition of investments are a secondary objective of the Fund.
The stock closed at $9.58 during the last session. It is down 1.03% since April 18, 2016 and is downtrending. It has underperformed by 5.46% the S&P500.
First Foundation Advisors holds 0.64% of its portfolio in PCM Fund, Inc. for 920,106 shares. National Planning Corp owns 199,099 shares or 0.16% of their US portfolio. Moreover, Robinson Capital Management Llc has 0.14% invested in the company for 24,587 shares. The New York-based Horizon Kinetics Llc has invested 0.07% in the stock. Parkside Financial Bank & Trust, a Missouri-based fund reported 4,069 shares.#img1#
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.
More important recent PCM Fund, Inc. (NYSE:PCM) news were published by: Businesswire.com which released: “PCN, PTY, PGP, PHK, PKO, RCS, PCM, PFL, PFN, PDI and PCI Declare Monthly …” on June 04, 2014, also 247Wallst.com published article titled: “PIMCO Closed-End Funds Thrashed After Gross Departure”, Seekingalpha.com published: “Retirement Income: 10 Taxable, Fixed-Income, Closed-End Funds From PIMCO” on August 22, 2016. More interesting news about PCM Fund, Inc. (NYSE:PCM) was released by: Marketwatch.com and their article: “PIMCO Closed-End Funds Declare Monthly Common Share Distributions” with publication date: May 12, 2016.
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By Louis Casey