PIMCO High Income Fund (NYSE:PHK - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.93 and traded as high as $4.93. PIMCO High Income Fund shares last traded at $4.88, with a volume of 1,009,408 shares changing hands.
PIMCO High Income Fund Stock Performance
The firm has a 50-day moving average price of $4.98 and a 200-day moving average price of $4.93.
PIMCO High Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be given a $0.048 dividend. This represents a $0.58 annualized dividend and a yield of 11.80%. The ex-dividend date is Monday, January 13th.
Hedge Funds Weigh In On PIMCO High Income Fund
Several hedge funds have recently made changes to their positions in the business. Integrated Capital Management Inc. lifted its stake in PIMCO High Income Fund by 3.4% during the third quarter. Integrated Capital Management Inc. now owns 61,355 shares of the investment management company's stock valued at $307,000 after purchasing an additional 2,031 shares during the last quarter. PFG Investments LLC lifted its position in shares of PIMCO High Income Fund by 3.8% during the 3rd quarter. PFG Investments LLC now owns 63,369 shares of the investment management company's stock valued at $317,000 after acquiring an additional 2,310 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of PIMCO High Income Fund by 3.1% during the 3rd quarter. Park Avenue Securities LLC now owns 283,512 shares of the investment management company's stock worth $1,418,000 after acquiring an additional 8,399 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of PIMCO High Income Fund by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 103,000 shares of the investment management company's stock worth $515,000 after acquiring an additional 10,489 shares in the last quarter. Finally, E&G Advisors LP acquired a new position in shares of PIMCO High Income Fund in the 3rd quarter worth $54,000. Institutional investors and hedge funds own 11.75% of the company's stock.
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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