PIMCO High Income Fund (NYSE:PHK - Get Free Report) declared a monthly dividend on Tuesday, September 2nd, Wall Street Journal reports. Investors of record on Friday, September 12th will be paid a dividend of 0.048 per share by the investment management company on Wednesday, October 1st. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date is Friday, September 12th.
PIMCO High Income Fund Stock Performance
PHK traded up $0.01 during trading on Friday, hitting $5.00. The stock had a trading volume of 779,763 shares, compared to its average volume of 552,220. PIMCO High Income Fund has a 12 month low of $4.18 and a 12 month high of $5.18. The company has a 50 day simple moving average of $4.87 and a 200-day simple moving average of $4.81.
Institutional Trading of PIMCO High Income Fund
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in PIMCO High Income Fund in the 2nd quarter worth $48,000. PNC Financial Services Group Inc. increased its stake in PIMCO High Income Fund by 546.0% in the first quarter. PNC Financial Services Group Inc. now owns 12,920 shares of the investment management company's stock valued at $63,000 after acquiring an additional 10,920 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in PIMCO High Income Fund in the second quarter valued at about $72,000. Nomura Holdings Inc. acquired a new position in PIMCO High Income Fund in the second quarter valued at about $72,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in PIMCO High Income Fund in the first quarter valued at about $85,000. 11.75% of the stock is currently owned by institutional investors and hedge funds.
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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