PIMCO High Income Fund (NYSE:PHK) Stock Crosses Above 200 Day Moving Average – What’s Next?

PIMCO High Income Fund (NYSE:PHK)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.89 and traded as high as $5.00. PIMCO High Income Fund shares last traded at $4.97, with a volume of 524,543 shares.

PIMCO High Income Fund Stock Down 0.2 %

The company’s 50 day moving average is $5.03 and its 200 day moving average is $4.89.

PIMCO High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.048 dividend. This represents a $0.58 annualized dividend and a yield of 11.59%. The ex-dividend date is Tuesday, November 12th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Brookstone Capital Management purchased a new position in PIMCO High Income Fund during the 2nd quarter valued at about $53,000. E&G Advisors LP purchased a new position in PIMCO High Income Fund during the 3rd quarter valued at about $54,000. XTX Topco Ltd purchased a new position in PIMCO High Income Fund during the 3rd quarter valued at about $56,000. Fortitude Family Office LLC purchased a new position in PIMCO High Income Fund during the 3rd quarter valued at about $59,000. Finally, Foundations Investment Advisors LLC purchased a new position in PIMCO High Income Fund during the 3rd quarter valued at about $65,000. 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.