Horizon Kinetics Asset Management LLC Has $322,000 Stock Holdings in PCM Fund Inc. (NYSE:PCM)

Horizon Kinetics Asset Management LLC lifted its position in shares of PCM Fund Inc. (NYSE:PCM) by 64.1% during the 3rd quarter, Holdings Channel reports. The firm owned 40,252 shares of the investment management company’s stock after purchasing an additional 15,720 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in PCM Fund were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Financial Advocates Investment Management increased its stake in shares of PCM Fund by 3.4% during the 2nd quarter. Financial Advocates Investment Management now owns 180,897 shares of the investment management company’s stock worth $1,342,000 after purchasing an additional 5,972 shares during the last quarter. Institutional investors own 10.26% of the company’s stock.

PCM Fund Stock Down 0.2 %

Shares of PCM stock opened at $7.98 on Wednesday. PCM Fund Inc. has a 52 week low of $7.26 and a 52 week high of $9.15. The company has a 50-day simple moving average of $8.04 and a 200 day simple moving average of $7.94.

PCM Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 12.03%. The ex-dividend date is Tuesday, November 12th.

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.