PIMCO High Income Fund (NYSE:PHK - Get Free Report) reached a new 52-week low during trading on Saturday . The company traded as low as $4.56 and last traded at $4.63, with a volume of 4091950 shares trading hands. The stock had previously closed at $4.87.
PIMCO High Income Fund Trading Down 4.1 %
The firm's 50 day moving average price is $4.86 and its two-hundred day moving average price is $4.95.
PIMCO High Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be paid a $0.048 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.58 annualized dividend and a dividend yield of 12.76%.
Institutional Investors Weigh In On PIMCO High Income Fund
Several hedge funds have recently modified their holdings of the stock. LPL Financial LLC lifted its stake in shares of PIMCO High Income Fund by 54.3% in the 4th quarter. LPL Financial LLC now owns 1,624,495 shares of the investment management company's stock worth $7,895,000 after acquiring an additional 571,384 shares during the period. Guggenheim Capital LLC boosted its holdings in PIMCO High Income Fund by 84.1% in the 4th quarter. Guggenheim Capital LLC now owns 815,826 shares of the investment management company's stock valued at $3,965,000 after purchasing an additional 372,623 shares in the last quarter. Noble Wealth Management PBC acquired a new position in PIMCO High Income Fund during the 4th quarter worth approximately $1,554,000. Rivernorth Capital Management LLC raised its stake in shares of PIMCO High Income Fund by 6.5% during the 3rd quarter. Rivernorth Capital Management LLC now owns 4,939,765 shares of the investment management company's stock worth $24,699,000 after buying an additional 301,706 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in shares of PIMCO High Income Fund by 40.5% in the fourth quarter. Apollon Wealth Management LLC now owns 625,563 shares of the investment management company's stock valued at $3,040,000 after buying an additional 180,297 shares in the last quarter. 11.75% of the stock is owned by institutional investors and hedge funds.
About PIMCO High Income Fund
(
Get Free Report)
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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