PIMCO High Income Fund (NYSE:PHK) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

PIMCO High Income Fund (NYSE:PHK)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.88 and traded as high as $5.00. PIMCO High Income Fund shares last traded at $4.95, with a volume of 1,345,439 shares.

PIMCO High Income Fund Stock Up 0.4%

The business has a fifty day moving average of $4.87 and a 200 day moving average of $4.88.

PIMCO High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be given a $0.048 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Tuesday, January 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PHK. Elm3 Financial Group LLC acquired a new stake in PIMCO High Income Fund in the fourth quarter worth $1,016,000. Capital Investment Advisory Services LLC bought a new stake in shares of PIMCO High Income Fund in the 4th quarter valued at $281,000. Nilsine Partners LLC raised its stake in PIMCO High Income Fund by 3.0% during the 4th quarter. Nilsine Partners LLC now owns 171,108 shares of the investment management company’s stock worth $832,000 after buying an additional 4,987 shares during the period. TrueMark Investments LLC lifted its holdings in PIMCO High Income Fund by 3.7% during the fourth quarter. TrueMark Investments LLC now owns 79,784 shares of the investment management company’s stock worth $388,000 after acquiring an additional 2,862 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in PIMCO High Income Fund by 7.4% in the third quarter. Bank of America Corp DE now owns 1,030,933 shares of the investment management company’s stock valued at $5,144,000 after acquiring an additional 70,674 shares during the period. Institutional investors and hedge funds own 11.75% of the company’s stock.

PIMCO High Income Fund Company Profile

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.