PIMCO High Income Fund (NYSE:PHK - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.86 and traded as high as $5.09. PIMCO High Income Fund shares last traded at $5.07, with a volume of 389,159 shares trading hands.
PIMCO High Income Fund Stock Down 0.2 %
The stock has a 50 day simple moving average of $4.95 and a two-hundred day simple moving average of $4.86.
PIMCO High Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be issued a dividend of $0.048 per share. This represents a $0.58 annualized dividend and a dividend yield of 11.38%. The ex-dividend date is Friday, October 11th.
Hedge Funds Weigh In On PIMCO High Income Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in PHK. Integrated Capital Management Inc. lifted its position in shares of PIMCO High Income Fund by 3.4% during the 3rd quarter. Integrated Capital Management Inc. now owns 61,355 shares of the investment management company's stock valued at $307,000 after acquiring an additional 2,031 shares during the period. Avantax Advisory Services Inc. boosted its position 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 worth $69,000 after purchasing an additional 2,500 shares during the period. Kingsview Wealth Management LLC lifted its holdings in PIMCO High Income Fund by 3.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 94,349 shares of the investment management company's stock worth $466,000 after buying an additional 2,775 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in PIMCO High Income Fund by 3.1% in the 3rd quarter. Park Avenue Securities LLC now owns 283,512 shares of the investment management company's stock worth $1,418,000 after buying an additional 8,399 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in PIMCO High Income Fund by 1.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 769,240 shares of the investment management company's stock worth $3,708,000 after buying an additional 9,230 shares in the last quarter. Hedge funds and other institutional investors own 11.75% of the company's stock.
PIMCO High Income Fund Company Profile
(
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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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