PIMCO High Income Fund (NYSE:PHK) Share Price Crosses Above 200-Day Moving Average of $4.84

Shares of PIMCO High Income Fund (NYSE:PHK - Get Free Report) crossed 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 $4.96. PIMCO High Income Fund shares last traded at $4.95, with a volume of 611,238 shares.

PIMCO High Income Fund Stock Up 0.2 %

The stock's fifty day moving average price is $4.83 and its two-hundred day moving average price is $4.84.

PIMCO High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a $0.048 dividend. This represents a $0.58 annualized dividend and a yield of 11.61%. The ex-dividend date is Friday, September 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. boosted its holdings in PIMCO High Income Fund by 21.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 14,051 shares of the investment management company's stock valued at $69,000 after acquiring an additional 2,500 shares during the period. Kingsview Wealth Management LLC lifted its position in PIMCO High Income Fund by 3.0% in the first quarter. Kingsview Wealth Management LLC now owns 94,349 shares of the investment management company's stock valued at $466,000 after purchasing an additional 2,775 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in shares of PIMCO High Income Fund during the first quarter valued at approximately $50,000. Cornerstone Wealth Group LLC bought a new position in shares of PIMCO High Income Fund in the first quarter worth approximately $123,000. Finally, Nomura Holdings Inc. purchased a new position in shares of PIMCO High Income Fund in the fourth quarter worth $104,000. 11.75% of the stock is owned by institutional investors.

PIMCO High Income Fund Company Profile

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.