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

PIMCO High Income Fund (NYSE:PHK)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

PIMCO High Income Fund Trading Down 0.3 %

The stock’s fifty day moving average is $4.93 and its two-hundred day moving average is $4.95.

PIMCO High Income Fund Dividend Announcement

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

Institutional Trading of PIMCO High Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of PHK. E&G Advisors LP bought a new stake in PIMCO High Income Fund in the 3rd quarter valued at $54,000. Foundations Investment Advisors LLC acquired a new position in shares of PIMCO High Income Fund in the third quarter valued at $65,000. International Assets Investment Management LLC raised its position in shares of 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 lifted its stake in shares of PIMCO High Income Fund by 3.8% during the 3rd quarter. PFG Investments LLC now owns 63,369 shares of the investment management company’s stock worth $317,000 after buying an additional 2,310 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of PIMCO High Income Fund during the 3rd quarter worth about $59,000. 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.