PIMCO High Income Fund (NYSE:PHK) Share Price Crosses Above 200 Day Moving Average of $4.78

PIMCO High Income Fund (NYSE:PHK)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.78 and traded as high as $4.84. PIMCO High Income Fund shares last traded at $4.78, with a volume of 1,524,411 shares trading hands.

PIMCO High Income Fund Stock Performance

The business has a 50 day moving average of $4.89 and a 200 day moving average of $4.78.

PIMCO High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 1st. Investors of record on Thursday, April 11th were paid a dividend of $0.048 per share. This represents a $0.58 dividend on an annualized basis and a yield of 12.06%. The ex-dividend date of this dividend was Wednesday, April 10th.

Hedge Funds Weigh In On PIMCO High Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHK. Commonwealth Equity Services LLC boosted its stake in PIMCO High Income Fund by 1.9% during the third quarter. Commonwealth Equity Services LLC now owns 692,977 shares of the investment management company’s stock valued at $3,063,000 after buying an additional 13,066 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of PIMCO High Income Fund by 7.6% in the 3rd quarter. Park Avenue Securities LLC now owns 234,011 shares of the investment management company’s stock valued at $1,034,000 after purchasing an additional 16,593 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of PIMCO High Income Fund in the 3rd quarter valued at approximately $46,000. Bryn Mawr Capital Management LLC bought a new stake in shares of PIMCO High Income Fund in the 3rd quarter valued at approximately $168,000. Finally, Avantax Advisory Services Inc. lifted its stake in shares of PIMCO High Income Fund by 2,878.9% in 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 purchasing an additional 301,224 shares during the last quarter. 11.75% of the stock is owned by institutional investors.

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.