Shares of PIMCO High Income Fund (NYSE:PHK - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.87 and traded as high as $5.05. PIMCO High Income Fund shares last traded at $5.04, with a volume of 421,666 shares changing hands.
PIMCO High Income Fund Trading Up 0.2 %
The business has a fifty day simple moving average of $5.00 and a 200-day simple moving average of $4.87.
PIMCO High Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.048 dividend. This represents a $0.58 annualized dividend and a yield of 11.41%. The ex-dividend date is Tuesday, November 12th.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its holdings in shares of PIMCO High Income Fund by 307.0% during the first quarter. Cetera Investment Advisers now owns 726,061 shares of the investment management company's stock valued at $3,587,000 after acquiring an additional 547,667 shares in the last quarter. Marks Group Wealth Management Inc bought a new position in shares of PIMCO High Income Fund during the third quarter valued at $1,403,000. Apollon Wealth Management LLC lifted its holdings in shares of PIMCO High Income Fund by 82.4% during the third quarter. Apollon Wealth Management LLC now owns 445,266 shares of the investment management company's stock valued at $2,226,000 after purchasing an additional 201,196 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of PIMCO High Income Fund by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 712,629 shares of the investment management company's stock valued at $3,435,000 after purchasing an additional 53,128 shares in the last quarter. Finally, Creekside Partners bought a new position in PIMCO High Income Fund in the second quarter valued at about $241,000. Hedge funds and other institutional investors 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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