PIMCO High Income Fund (NYSE:PHK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.81 and traded as high as $4.83. PIMCO High Income Fund shares last traded at $4.81, with a volume of 629,741 shares.
PIMCO High Income Fund Stock Performance
The stock's 50-day moving average price is $4.78 and its 200-day moving average price is $4.81.
PIMCO High Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 11th will be given a dividend of $0.048 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 11.98%.
Hedge Funds Weigh In On PIMCO High Income Fund
A number of large investors have recently modified their holdings of PHK. CreativeOne Wealth LLC acquired a new position in shares of PIMCO High Income Fund during the fourth quarter worth approximately $53,000. PNC Financial Services Group Inc. lifted its position in shares of PIMCO High Income Fund by 546.0% during the first quarter. PNC Financial Services Group Inc. now owns 12,920 shares of the investment management company's stock worth $63,000 after purchasing an additional 10,920 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of PIMCO High Income Fund during the first quarter worth approximately $85,000. Western Wealth Management LLC acquired a new position in shares of PIMCO High Income Fund during the fourth quarter worth approximately $88,000. Finally, Private Advisor Group LLC acquired a new position in shares of PIMCO High Income Fund during the first quarter worth approximately $88,000. 11.75% of the stock is currently owned by institutional investors and hedge funds.
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.
Recommended Stories
Before you consider PIMCO High Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PIMCO High Income Fund wasn't on the list.
While PIMCO High Income Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
