Shares of PIMCO High Income Fund (NYSE:PHK - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.91 and traded as high as $5.05. PIMCO High Income Fund shares last traded at $5.03, with a volume of 623,121 shares changing hands.
PIMCO High Income Fund Price Performance
The company has a 50-day simple moving average of $5.05 and a 200-day simple moving average of $4.91.
PIMCO High Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be given a $0.048 dividend. This represents a $0.58 annualized dividend and a dividend yield of 11.45%. The ex-dividend date is Thursday, December 12th.
Institutional Investors Weigh In On PIMCO High Income Fund
A number of institutional investors have recently added to or reduced their stakes in PHK. E&G Advisors LP bought a new position in shares of PIMCO High Income Fund in the 3rd quarter worth $54,000. Brookstone Capital Management bought a new stake in shares of PIMCO High Income Fund during the 2nd quarter worth $53,000. XTX Topco Ltd bought a new stake in shares of PIMCO High Income Fund during the third quarter worth about $56,000. Fortitude Family Office LLC acquired a new position in shares of PIMCO High Income Fund in the 3rd quarter worth approximately $59,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of PIMCO High Income Fund during the third quarter valued at about $65,000. 11.75% of the stock is currently owned by institutional investors and hedge funds.
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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