PIMCO High Income Fund (NYSE:PHK) Sees Large Volume Increase

PIMCO High Income Fund (NYSE:PHK - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 245,229 shares changed hands during trading, a decline of 49% from the previous session's volume of 485,314 shares.The stock last traded at $4.61 and had previously closed at $4.63.

PIMCO High Income Fund Trading Up 1.5 %

The stock's fifty day simple moving average is $4.92 and its two-hundred day simple moving average is $4.75.

PIMCO High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be issued a dividend of $0.048 per share. The ex-dividend date is Wednesday, April 10th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 12.26%.

Institutional Trading of PIMCO High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Good Life Advisors LLC acquired a new stake in shares of PIMCO High Income Fund during the fourth quarter worth $200,000. Future Financial Wealth Managment LLC bought a new position in shares of PIMCO High Income Fund during the fourth quarter worth about $50,000. Integrated Capital Management Inc. grew its position in shares of PIMCO High Income Fund by 6.7% during the fourth quarter. Integrated Capital Management Inc. now owns 40,765 shares of the investment management company's stock worth $203,000 after acquiring an additional 2,547 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of PIMCO High Income Fund during the third quarter worth about $44,000. Finally, LPL Financial LLC grew its position in shares of PIMCO High Income Fund by 1.0% during the third quarter. LPL Financial LLC now owns 796,450 shares of the investment management company's stock worth $3,520,000 after acquiring an additional 8,180 shares during the last quarter. 11.75% of the stock is owned by institutional investors and hedge funds.

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.