PIMCO High Income Fund (NYSE:PHK) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of PIMCO High Income Fund (NYSE:PHK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.95 and traded as high as $4.99. PIMCO High Income Fund shares last traded at $4.97, with a volume of 512,258 shares.

PIMCO High Income Fund Stock Down 0.3 %

The business has a 50 day simple moving average of $4.93 and a 200-day simple moving average of $4.95.

PIMCO High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be issued a $0.048 dividend. This represents a $0.58 annualized dividend and a dividend yield of 11.60%. The ex-dividend date is Thursday, February 13th.

Institutional Trading of PIMCO High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rivernorth Capital Management LLC grew its holdings in shares of PIMCO High Income Fund by 6.5% during the third quarter. Rivernorth Capital Management LLC now owns 4,939,765 shares of the investment management company’s stock worth $24,699,000 after buying an additional 301,706 shares in the last quarter. LPL Financial LLC grew its stake in shares of PIMCO High Income Fund by 54.3% during the 4th quarter. LPL Financial LLC now owns 1,624,495 shares of the investment management company’s stock worth $7,895,000 after acquiring an additional 571,384 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of PIMCO High Income Fund by 40.5% in the fourth quarter. Apollon Wealth Management LLC now owns 625,563 shares of the investment management company’s stock valued at $3,040,000 after purchasing an additional 180,297 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of PIMCO High Income Fund in the fourth quarter valued at approximately $1,554,000. Finally, Principal Securities Inc. boosted its holdings in PIMCO High Income Fund by 4.3% during the fourth quarter. Principal Securities Inc. now owns 298,663 shares of the investment management company’s stock worth $1,452,000 after purchasing an additional 12,192 shares during the last quarter. Institutional investors and hedge funds 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.