PIMCO High Income Fund (NYSE:PHK - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.89 and traded as high as $5.00. PIMCO High Income Fund shares last traded at $4.97, with a volume of 524,543 shares trading hands.
PIMCO High Income Fund Stock Performance
The business has a 50 day moving average of $5.03 and a 200 day moving average of $4.89.
PIMCO High Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.048 per share. This represents a $0.58 annualized dividend and a dividend yield of 11.61%. The ex-dividend date of this dividend is Tuesday, November 12th.
Hedge Funds Weigh In On PIMCO High Income Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHK. E&G Advisors LP acquired a new position in PIMCO High Income Fund in the third quarter valued at approximately $54,000. Brookstone Capital Management acquired a new position in PIMCO High Income Fund during the 2nd quarter worth approximately $53,000. XTX Topco Ltd purchased a new stake in shares of PIMCO High Income Fund during the third quarter valued at approximately $56,000. Fortitude Family Office LLC purchased a new stake in shares of PIMCO High Income Fund during the 3rd quarter valued at approximately $59,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of PIMCO High Income Fund in the 3rd quarter valued at about $65,000. 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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