PIMCO High Income Fund (NYSE:PHK) Shares Pass Above 200-Day Moving Average of $4.76

PIMCO High Income Fund (NYSE:PHK) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.76 and traded as high as $4.80. PIMCO High Income Fund shares last traded at $4.79, with a volume of 421,191 shares changing hands.

PIMCO High Income Fund Stock Up 0.5 %

The company has a 50 day moving average price of $4.90 and a 200-day moving average price of $4.76.

PIMCO High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be paid a $0.048 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $0.58 annualized dividend and a dividend yield of 12.04%.

Hedge Funds Weigh In On PIMCO High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of PHK. Avantax Advisory Services Inc. boosted its holdings in shares of PIMCO High Income Fund by 2,878.9% during the 3rd quarter. Avantax Advisory Services Inc. now owns 311,687 shares of the investment management company’s stock valued at $1,378,000 after acquiring an additional 301,224 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of PIMCO High Income Fund during the 4th quarter valued at $1,147,000. Livelsberger Financial Advisory acquired a new stake in shares of PIMCO High Income Fund during the 4th quarter valued at $734,000. Scotia Capital Inc. boosted its holdings in shares of PIMCO High Income Fund by 449.1% during the 4th quarter. Scotia Capital Inc. now owns 124,927 shares of the investment management company’s stock valued at $623,000 after acquiring an additional 102,177 shares in the last quarter. Finally, PFG Investments LLC acquired a new stake in shares of PIMCO High Income Fund during the 1st quarter valued at $295,000. 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.