PIMCO High Income Fund (NYSE:PHK) Share Price Passes Above 200 Day Moving Average – Time to Sell?

PIMCO High Income Fund (NYSE:PHK)’s stock price passed 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.

PIMCO High Income Fund Stock Down 0.7%

The firm has a 50 day moving average of $4.92 and a 200-day moving average of $4.82.

PIMCO High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, October 14th will be issued a dividend of $0.048 per share. The ex-dividend date is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 12.0%.

Institutional Trading of PIMCO High Income Fund

A number of hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC lifted its holdings in PIMCO High Income Fund by 3.6% during the second quarter. Guggenheim Capital LLC now owns 1,323,627 shares of the investment management company’s stock worth $6,353,000 after buying an additional 45,793 shares during the period. Invesco Ltd. lifted its holdings in PIMCO High Income Fund by 2.3% during the second quarter. Invesco Ltd. now owns 1,226,204 shares of the investment management company’s stock worth $5,886,000 after buying an additional 27,751 shares during the period. Bank of America Corp DE lifted its holdings in PIMCO High Income Fund by 3.5% during the second quarter. Bank of America Corp DE now owns 960,259 shares of the investment management company’s stock worth $4,609,000 after buying an additional 32,540 shares during the period. Envestnet Asset Management Inc. lifted its holdings in PIMCO High Income Fund by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 887,672 shares of the investment management company’s stock worth $4,261,000 after buying an additional 9,940 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in PIMCO High Income Fund by 2.0% during the second quarter. Cetera Investment Advisers now owns 506,330 shares of the investment management company’s stock worth $2,430,000 after buying an additional 9,979 shares during the period. Hedge funds and other institutional investors own 11.75% of the company’s stock.

PIMCO High Income Fund Company Profile

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.