PIMCO High Income Fund (NYSE:PHK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.84 and traded as high as $4.87. PIMCO High Income Fund shares last traded at $4.83, with a volume of 445,557 shares changing hands.
PIMCO High Income Fund Stock Up 0.3 %
The company's fifty day moving average price is $4.81 and its two-hundred day moving average price is $4.84.
PIMCO High Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be given a $0.048 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.58 dividend on an annualized basis and a yield of 11.91%.
Institutional Trading of PIMCO High Income Fund
Several hedge funds have recently modified their holdings of the company. Cornerstone Wealth Group LLC bought a new stake in shares of PIMCO High Income Fund during the first quarter worth $123,000. Nomura Holdings Inc. acquired a new position in PIMCO High Income Fund during the 4th quarter worth about $104,000. Integrated Capital Management Inc. grew its holdings in PIMCO High Income Fund by 9.5% during the 1st quarter. Integrated Capital Management Inc. now owns 44,631 shares of the investment management company's stock worth $220,000 after acquiring an additional 3,866 shares during the last quarter. Livelsberger Financial Advisory bought a new stake in PIMCO High Income Fund during the 4th quarter worth about $734,000. Finally, Madison Wealth Partners Inc acquired a new stake in PIMCO High Income Fund in the 4th quarter valued at about $116,000. Institutional investors and hedge funds own 11.75% of the company's stock.
About PIMCO High Income Fund
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PIMCO High Income Fund 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 invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.
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