PIMCO High Income Fund (NYSE:PHK - Get Free Report) shares saw unusually-high trading volume on Friday following a dividend announcement from the company. Approximately 929,380 shares changed hands during mid-day trading, an increase of 56% from the previous session's volume of 594,218 shares.The stock last traded at $4.62 and had previously closed at $4.87.
The newly announced dividend which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be given a dividend of $0.048 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 12.51%. The ex-dividend date is Friday, April 11th.
PIMCO High Income Fund Price Performance
The stock has a 50-day moving average of $4.87 and a two-hundred day moving average of $4.95.
Institutional Investors Weigh In On PIMCO High Income Fund
A number of large investors have recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new position in PIMCO High Income Fund during the 4th quarter worth approximately $36,000. Carnegie Lake Advisors LLC acquired a new position in PIMCO High Income Fund in the 4th quarter worth about $50,000. CreativeOne Wealth LLC bought a new stake in PIMCO High Income Fund in the fourth quarter worth approximately $53,000. Anfield Capital Management LLC acquired a new position in PIMCO High Income Fund during the fourth quarter worth $55,000. Finally, XTX Topco Ltd bought a new position in shares of PIMCO High Income Fund in the 3rd quarter valued at approximately $56,000. Institutional investors and hedge funds 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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