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

PIMCO High Income Fund (NYSE:PHK)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

PIMCO High Income Fund Stock Performance

The business has a 50-day moving average price of $4.98 and a two-hundred day moving average price of $4.93.

PIMCO High Income Fund Announces Dividend

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

Institutional Trading of PIMCO High Income Fund

Large investors have recently modified their holdings of the stock. Integrated Capital Management Inc. grew its stake in shares of PIMCO High Income Fund by 3.4% during the third quarter. Integrated Capital Management Inc. now owns 61,355 shares of the investment management company’s stock worth $307,000 after purchasing an additional 2,031 shares in the last quarter. PFG Investments LLC grew its stake in shares of PIMCO High Income Fund by 3.8% during the third quarter. PFG Investments LLC now owns 63,369 shares of the investment management company’s stock worth $317,000 after purchasing an additional 2,310 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of PIMCO High Income Fund by 3.1% during the third quarter. Park Avenue Securities LLC now owns 283,512 shares of the investment management company’s stock worth $1,418,000 after purchasing an additional 8,399 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of PIMCO High Income Fund by 11.3% during the third quarter. Thrivent Financial for Lutherans now owns 103,000 shares of the investment management company’s stock worth $515,000 after purchasing an additional 10,489 shares in the last quarter. Finally, E&G Advisors LP acquired a new position in shares of PIMCO High Income Fund during the third quarter worth $54,000. Hedge funds and other institutional investors own 11.75% of the company’s stock.

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.