PIMCO High Income Fund (NYSE:PHK - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.82 and traded as high as $4.83. PIMCO High Income Fund shares last traded at $4.80, with a volume of 613,161 shares trading hands.
PIMCO High Income Fund Stock Performance
The business has a 50 day moving average price of $4.92 and a 200 day moving average price of $4.82.
PIMCO High Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, October 14th will be paid a dividend of $0.048 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of PHK. Park Avenue Securities LLC bought a new position in PIMCO High Income Fund in the second quarter worth approximately $1,798,000. Future Financial Wealth Managment LLC grew its stake in PIMCO High Income Fund by 1,231.0% in the second quarter. Future Financial Wealth Managment LLC now owns 133,102 shares of the investment management company's stock worth $639,000 after purchasing an additional 123,102 shares in the last quarter. Presper Financial Architects LLC bought a new position in PIMCO High Income Fund in the second quarter worth approximately $539,000. Envestnet Asset Management Inc. grew its stake in PIMCO High Income Fund by 12.7% in the first quarter. Envestnet Asset Management Inc. now owns 877,732 shares of the investment management company's stock worth $4,292,000 after purchasing an additional 98,600 shares in the last quarter. Finally, Readystate Asset Management LP grew its stake in PIMCO High Income Fund by 155.8% in the first quarter. Readystate Asset Management LP now owns 140,693 shares of the investment management company's stock worth $688,000 after purchasing an additional 85,696 shares in the last quarter. Institutional investors own 11.75% of the company's stock.
About PIMCO High Income Fund
(
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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