PCM Fund, Inc. (NYSE:PCM)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.19 and traded as low as $10.95. PCM Fund shares last traded at $11.04, with a volume of 1,326 shares changing hands.

The firm’s 50-day moving average price is $11.29 and its 200-day moving average price is $11.19.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of PCM Fund by 7.4% in the second quarter. Bank of America Corp DE now owns 143,857 shares of the investment management company’s stock worth $1,628,000 after acquiring an additional 9,905 shares during the period. Wells Fargo & Company MN grew its stake in shares of PCM Fund by 37.7% in the second quarter. Wells Fargo & Company MN now owns 17,863 shares of the investment management company’s stock worth $202,000 after acquiring an additional 4,886 shares during the period. Mid Atlantic Financial Management Inc. ADV grew its stake in shares of PCM Fund by 9.0% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 81,375 shares of the investment management company’s stock worth $921,000 after acquiring an additional 6,700 shares during the period. Advisor Group Inc. grew its stake in shares of PCM Fund by 138.0% in the second quarter. Advisor Group Inc. now owns 96,998 shares of the investment management company’s stock worth $1,099,000 after acquiring an additional 56,240 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of PCM Fund by 2.1% in the second quarter. Commonwealth Equity Services LLC now owns 62,177 shares of the investment management company’s stock worth $703,000 after acquiring an additional 1,259 shares during the period. Hedge funds and other institutional investors own 8.90% of the company’s stock.

About PCM Fund (NYSE:PCM)

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.

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