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

PIMCO High Income Fund (NYSE:PHK)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.80 and traded as high as $4.94. PIMCO High Income Fund shares last traded at $4.92, with a volume of 464,481 shares.

PIMCO High Income Fund Stock Performance

The firm’s 50-day simple moving average is $4.84 and its 200 day simple moving average is $4.80.

PIMCO High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be given a dividend of $0.048 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a c) annualized dividend and a yield of 11.7%.

Institutional Investors Weigh In On PIMCO High Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC lifted its position in PIMCO High Income Fund by 11.3% during the 2nd quarter. 180 Wealth Advisors LLC now owns 22,175 shares of the investment management company’s stock worth $106,000 after buying an additional 2,250 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in PIMCO High Income Fund by 8.4% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 32,236 shares of the investment management company’s stock worth $158,000 after buying an additional 2,500 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in PIMCO High Income Fund by 3.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 104,396 shares of the investment management company’s stock worth $510,000 after buying an additional 2,998 shares in the last quarter. Moloney Securities Asset Management LLC lifted its position in PIMCO High Income Fund by 19.1% during the 1st quarter. Moloney Securities Asset Management LLC now owns 23,335 shares of the investment management company’s stock worth $114,000 after buying an additional 3,736 shares in the last quarter. Finally, Mariner LLC lifted its position in PIMCO High Income Fund by 24.6% during the 4th quarter. Mariner LLC now owns 21,512 shares of the investment management company’s stock worth $105,000 after buying an additional 4,245 shares in the last quarter. 11.75% of the stock is owned by institutional investors.

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.