PIMCO High Income Fund (NYSE:PHK) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

PIMCO High Income Fund (NYSE:PHK) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.90 and traded as high as $4.99. PIMCO High Income Fund shares last traded at $4.97, with a volume of 975,101 shares traded.

PIMCO High Income Fund Trading Up 0.2%

The company has a fifty day moving average price of $4.90 and a 200 day moving average price of $4.90.

PIMCO High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be paid a dividend of $0.048 per share. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date is Thursday, February 12th.

Institutional Investors Weigh In On PIMCO High Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. grew its position in shares of PIMCO High Income Fund by 19.5% during the fourth quarter. Moors & Cabot Inc. now owns 24,500 shares of the investment management company’s stock worth $119,000 after acquiring an additional 4,000 shares during the last quarter. Integrity Alliance LLC. lifted its position in PIMCO High Income Fund by 43.2% in the 4th quarter. Integrity Alliance LLC. now owns 25,565 shares of the investment management company’s stock valued at $124,000 after purchasing an additional 7,707 shares during the last quarter. Integrity Advisory Solutions LLC boosted its stake in PIMCO High Income Fund by 28.2% during the 4th quarter. Integrity Advisory Solutions LLC now owns 16,832 shares of the investment management company’s stock valued at $82,000 after purchasing an additional 3,707 shares during the period. Glenview Trust Co bought a new position in PIMCO High Income Fund in the 4th quarter worth about $63,000. Finally, Rayburn West Financial Services LLC acquired a new stake in shares of PIMCO High Income Fund in the fourth quarter valued at approximately $384,000. 11.75% of the stock is currently owned by institutional investors.

About PIMCO High Income Fund

The PIMCO High Income Fund (NYSE: PHK) is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration.

PHK’s investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.