PIMCO High Income Fund (NYSE:PHK - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.82 and traded as high as $4.82. PIMCO High Income Fund shares last traded at $4.82, with a volume of 374,212 shares changing hands.
PIMCO High Income Fund Price Performance
The stock has a 50-day moving average price of $4.77 and a 200 day moving average price of $4.82.
PIMCO High Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th were issued a $0.048 dividend. This represents a $0.58 annualized dividend and a yield of 11.96%. The ex-dividend date of this dividend was Thursday, June 12th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in PIMCO High Income Fund by 54.3% in the fourth quarter. LPL Financial LLC now owns 1,624,495 shares of the investment management company's stock valued at $7,895,000 after purchasing an additional 571,384 shares during the period. Bank of America Corp DE boosted its holdings in shares of PIMCO High Income Fund by 7.1% in the 4th quarter. Bank of America Corp DE now owns 1,290,578 shares of the investment management company's stock valued at $6,272,000 after purchasing an additional 85,312 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of PIMCO High Income Fund by 3.3% in the 1st quarter. Invesco Ltd. now owns 1,198,453 shares of the investment management company's stock valued at $5,860,000 after purchasing an additional 38,384 shares during the last quarter. Cohen & Steers Inc. grew its stake in shares of PIMCO High Income Fund by 10.3% during the 4th quarter. Cohen & Steers Inc. now owns 1,063,601 shares of the investment management company's stock valued at $5,169,000 after buying an additional 99,653 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of PIMCO High Income Fund by 12.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 877,732 shares of the investment management company's stock worth $4,292,000 after buying an additional 98,600 shares during the last quarter. Institutional investors and hedge funds own 11.75% of the company's stock.
PIMCO High Income Fund Company Profile
(
Get Free Report)
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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