PIMCO High Income Fund (NYSE:PHK - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.
PIMCO High Income Fund Stock Performance
The business's 50-day simple moving average is $4.78 and its 200-day simple moving average is $4.81.
PIMCO High Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 11th will be issued a $0.048 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 12.03%. The ex-dividend date is Friday, July 11th.
Hedge Funds Weigh In On PIMCO High Income Fund
Several large investors have recently bought and sold shares of the stock. LPL Financial LLC raised its stake in shares of PIMCO High Income Fund by 54.3% in the 4th quarter. LPL Financial LLC now owns 1,624,495 shares of the investment management company's stock valued at $7,895,000 after acquiring an additional 571,384 shares in the last quarter. Bank of America Corp DE lifted its position 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 worth $6,272,000 after acquiring an additional 85,312 shares during the period. Invesco Ltd. lifted its position 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 worth $5,860,000 after buying an additional 38,384 shares during the period. Cohen & Steers Inc. lifted its position 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 worth $5,169,000 after buying an additional 99,653 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in 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 valued at $4,292,000 after purchasing an additional 98,600 shares in the last quarter. Institutional investors and hedge funds own 11.75% of the company's stock.
PIMCO High Income Fund Company Profile
(
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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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