PIMCO High Income Fund (NYSE:PHK - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.
PIMCO High Income Fund Trading Up 0.3%
The business has a fifty day simple moving average of $4.77 and a two-hundred day simple moving average of $4.82.
PIMCO High Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 11th will be issued a dividend of $0.048 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.58 annualized dividend and a dividend yield of 11.91%.
Institutional Trading of PIMCO High Income Fund
Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrity Alliance LLC. purchased a new position in PIMCO High Income Fund in the 1st quarter worth $163,000. Baird Financial Group Inc. raised its stake in shares of PIMCO High Income Fund by 10.7% during the 1st quarter. Baird Financial Group Inc. now owns 168,584 shares of the investment management company's stock valued at $824,000 after buying an additional 16,288 shares during the last quarter. Walleye Capital LLC raised its stake in shares of PIMCO High Income Fund by 212.0% during the 1st quarter. Walleye Capital LLC now owns 63,489 shares of the investment management company's stock valued at $310,000 after buying an additional 43,141 shares during the last quarter. Ethos Financial Group LLC purchased a new position in shares of PIMCO High Income Fund during the 1st quarter valued at about $96,000. Finally, Invesco Ltd. raised its stake in shares of PIMCO High Income Fund by 3.3% during the 1st quarter. Invesco Ltd. now owns 1,198,453 shares of the investment management company's stock valued at $5,860,000 after buying an additional 38,384 shares during the last quarter. 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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