PIMCO High Income Fund (NYSE:PHK) Share Price Passes Above Two Hundred Day Moving Average of $4.84

PIMCO High Income Fund (NYSE:PHK)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.84 and traded as high as $4.94. PIMCO High Income Fund shares last traded at $4.94, with a volume of 467,650 shares trading hands.

PIMCO High Income Fund Price Performance

The stock has a 50-day moving average price of $4.84 and a 200-day moving average price of $4.84.

PIMCO High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a dividend of $0.048 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.58 dividend on an annualized basis and a yield of 11.66%.

Hedge Funds Weigh In On PIMCO High Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers boosted its holdings in shares of PIMCO High Income Fund by 15.3% during the 2nd quarter. Cetera Investment Advisers now owns 837,359 shares of the investment management company’s stock worth $4,036,000 after buying an additional 111,298 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of PIMCO High Income Fund by 1.2% during the second quarter. Commonwealth Equity Services LLC now owns 769,240 shares of the investment management company’s stock worth $3,708,000 after acquiring an additional 9,230 shares during the period. Envestnet Asset Management Inc. grew its position in shares of PIMCO High Income Fund by 8.1% in the second quarter. Envestnet Asset Management Inc. now owns 712,629 shares of the investment management company’s stock valued at $3,435,000 after purchasing an additional 53,128 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of PIMCO High Income Fund by 4.2% during the second quarter. Park Avenue Securities LLC now owns 275,113 shares of the investment management company’s stock worth $1,326,000 after purchasing an additional 11,018 shares during the period. Finally, Livelsberger Financial Advisory bought a new position in shares of PIMCO High Income Fund during the fourth quarter worth approximately $734,000. 11.75% of the stock is currently owned by institutional investors and hedge funds.

About PIMCO High Income Fund

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.