PIMCO High Income Fund (NYSE:PHK) Shares Pass Above 200-Day Moving Average of $4.76

PIMCO High Income Fund (NYSE:PHK)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.76 and traded as high as $4.80. PIMCO High Income Fund shares last traded at $4.79, with a volume of 421,191 shares.

PIMCO High Income Fund Stock Performance

The stock’s fifty day moving average price is $4.90 and its two-hundred day moving average price is $4.76.

PIMCO High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be issued a dividend of $0.048 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 12.04%.

Institutional Trading of PIMCO High Income Fund

A number of institutional investors have recently modified their holdings of the company. PFG Investments LLC purchased a new stake in PIMCO High Income Fund in the first quarter worth about $295,000. Cornerstone Wealth Group LLC purchased a new stake in PIMCO High Income Fund in the first quarter worth about $123,000. Integrated Capital Management Inc. lifted its holdings in PIMCO High Income Fund by 9.5% in the first quarter. Integrated Capital Management Inc. now owns 44,631 shares of the investment management company’s stock worth $220,000 after buying an additional 3,866 shares during the period. Nomura Holdings Inc. purchased a new stake in PIMCO High Income Fund in the fourth quarter worth about $104,000. Finally, Livelsberger Financial Advisory purchased a new stake in PIMCO High Income Fund in the fourth quarter worth about $734,000. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

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.