PIMCO High Income Fund (NYSE:PHK) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

PIMCO High Income Fund (NYSE:PHK) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.86 and traded as high as $5.09. PIMCO High Income Fund shares last traded at $5.07, with a volume of 389,159 shares trading hands.

PIMCO High Income Fund Trading Up 0.2 %

The business has a fifty day moving average price of $4.96 and a 200 day moving average price of $4.86.

PIMCO High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be issued a $0.048 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 11.36%.

Institutional Trading of PIMCO High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers lifted its holdings in shares of PIMCO High Income Fund by 307.0% during the 1st 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. Envestnet Asset Management Inc. lifted its stake 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 worth $3,435,000 after purchasing an additional 53,128 shares in the last quarter. Creekside Partners purchased a new stake in shares of PIMCO High Income Fund in the second quarter worth about $241,000. International Assets Investment Management LLC boosted its position in shares of PIMCO High Income Fund by 400.0% in the third quarter. International Assets Investment Management LLC now owns 53,500 shares of the investment management company’s stock worth $268,000 after buying an additional 42,800 shares during the period. Finally, Cornerstone Wealth Group LLC acquired a new stake in shares of PIMCO High Income Fund in the first quarter valued at about $123,000. Institutional investors and hedge funds own 11.75% of the company’s stock.

PIMCO High Income Fund Company Profile

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.