PIMCO High Income Fund (NYSE:PHK) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

PIMCO High Income Fund (NYSE:PHK) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.93 and traded as high as $4.93. PIMCO High Income Fund shares last traded at $4.88, with a volume of 1,009,408 shares changing hands.

PIMCO High Income Fund Price Performance

The business has a fifty day moving average of $4.98 and a 200 day moving average of $4.93.

PIMCO High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be issued a $0.048 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 11.80%. The ex-dividend date of this dividend is Monday, January 13th.

Institutional Trading of PIMCO High Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its position in PIMCO High Income Fund by 82.4% in the third quarter. Apollon Wealth Management LLC now owns 445,266 shares of the investment management company’s stock valued at $2,226,000 after purchasing an additional 201,196 shares during the period. Marks Group Wealth Management Inc purchased a new stake in PIMCO High Income Fund in the third quarter valued at approximately $1,403,000. International Assets Investment Management LLC raised its position in PIMCO High Income Fund by 400.0% in the third quarter. International Assets Investment Management LLC now owns 53,500 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 42,800 shares during the period. PFG Investments LLC raised its position in PIMCO High Income Fund by 3.8% in the third quarter. PFG Investments LLC now owns 63,369 shares of the investment management company’s stock valued at $317,000 after purchasing an additional 2,310 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in PIMCO High Income Fund in the third quarter valued at approximately $59,000. 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.