PIMCO High Income Fund (NYSE:PHK) Sees Strong Trading Volume - Should You Buy?

Key Points

• Unusually-high trading volume: approximately 876,168 shares traded (up 18% from the prior session) while PHK slid to $4.74 from $4.87, with 50-day and 200-day moving averages near $4.92 and $4.90.
• PIMCO declared a monthly dividend of $0.048 payable April 1 (ex‑dividend/record date March 12), implying an annualized dividend yield of 12.0%.
• Several institutions (LPL, Osaic, UBS, Guggenheim, Invesco) increased positions recently and institutional investors own about 11.75% of the fund; PHK is a closed‑end fund focused on high‑yield fixed‑income strategies and may use derivatives to boost income.

PIMCO High Income Fund (NYSE:PHK - Get Free Report) saw unusually-high trading volume on Monday . Approximately 876,168 shares traded hands during trading, an increase of 18% from the previous session's volume of 744,571 shares.The stock last traded at $4.74 and had previously closed at $4.87.

PIMCO High Income Fund Trading Down 1.4%

The firm has a 50-day moving average of $4.92 and a two-hundred day moving average of $4.90.

PIMCO High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be issued a $0.048 dividend. The ex-dividend date is Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%.

Institutional Trading of PIMCO High Income Fund

Several institutional investors have recently made changes to their positions in PHK. LPL Financial LLC increased its stake in PIMCO High Income Fund by 2.5% in the 4th quarter. LPL Financial LLC now owns 1,937,118 shares of the investment management company's stock valued at $9,414,000 after buying an additional 47,241 shares during the period. Osaic Holdings Inc. raised its holdings in shares of PIMCO High Income Fund by 32.8% during the fourth quarter. Osaic Holdings Inc. now owns 1,661,772 shares of the investment management company's stock worth $8,076,000 after acquiring an additional 410,137 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of PIMCO High Income Fund by 3.6% during the second quarter. Guggenheim Capital LLC now owns 1,323,627 shares of the investment management company's stock worth $6,353,000 after acquiring an additional 45,793 shares in the last quarter. UBS Group AG grew its stake in PIMCO High Income Fund by 11.2% in the fourth quarter. UBS Group AG now owns 1,289,048 shares of the investment management company's stock valued at $6,265,000 after purchasing an additional 130,086 shares in the last quarter. Finally, Invesco Ltd. increased its position in PIMCO High Income Fund by 4.3% in the 3rd quarter. Invesco Ltd. now owns 1,279,467 shares of the investment management company's stock worth $6,385,000 after purchasing an additional 53,263 shares during the last quarter. 11.75% of the stock is currently owned by institutional investors and hedge funds.

About PIMCO High Income Fund

The PIMCO High Income Fund NYSE: PHK is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration.

PHK's investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.

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