PIMCO High Income Fund (NYSE:PHK) Stock Passes Above 200-Day Moving Average – Here’s Why

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 $4.85 and traded as high as $4.89. PIMCO High Income Fund shares last traded at $4.8650, with a volume of 635,969 shares trading hands.

PIMCO High Income Fund Stock Down 0.7%

The stock’s fifty day simple moving average is $4.91 and its 200 day simple moving average is $4.85.

PIMCO High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.048 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 11.8%.

Hedge Funds Weigh In On PIMCO High Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC lifted its holdings in shares of PIMCO High Income Fund by 3.6% during the 2nd quarter. Guggenheim Capital LLC now owns 1,323,627 shares of the investment management company’s stock valued at $6,353,000 after purchasing an additional 45,793 shares during the last quarter. Invesco Ltd. increased its position in PIMCO High Income Fund by 2.3% during the 2nd quarter. Invesco Ltd. now owns 1,226,204 shares of the investment management company’s stock valued at $5,886,000 after buying an additional 27,751 shares in the last quarter. Bank of America Corp DE raised its stake in PIMCO High Income Fund by 3.5% in the second quarter. Bank of America Corp DE now owns 960,259 shares of the investment management company’s stock valued at $4,609,000 after buying an additional 32,540 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in PIMCO High Income Fund by 0.5% in the third quarter. Envestnet Asset Management Inc. now owns 892,320 shares of the investment management company’s stock valued at $4,453,000 after buying an additional 4,648 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in PIMCO High Income Fund by 2.0% in the second quarter. Cetera Investment Advisers now owns 506,330 shares of the investment management company’s stock worth $2,430,000 after acquiring an additional 9,979 shares in the last quarter. 11.75% of the stock is owned by hedge funds and other 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.