PIMCO High Income Fund (NYSE:PHK) Share Price Crosses Above 200-Day Moving Average of $4.95

PIMCO High Income Fund (NYSE:PHK – Get Rating) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.95 and traded as high as $5.05. PIMCO High Income Fund shares last traded at $5.03, with a volume of 1,093,615 shares trading hands.

PIMCO High Income Fund Price Performance

The business has a 50-day simple moving average of $4.85 and a 200 day simple moving average of $4.95.

PIMCO High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Friday, January 13th will be given a $0.048 dividend. The ex-dividend date is Thursday, January 12th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 11.45%.

Institutional Investors Weigh In On PIMCO High Income Fund

Institutional investors have recently made changes to their positions in the stock. First Manhattan Co. bought a new stake in shares of PIMCO High Income Fund in the 3rd quarter valued at about $35,000. Avantax Advisory Services Inc. bought a new stake in shares of PIMCO High Income Fund during the 2nd quarter valued at about $63,000. Platform Technology Partners bought a new stake in shares of PIMCO High Income Fund during the 4th quarter valued at about $58,000. Private Advisor Group LLC bought a new stake in shares of PIMCO High Income Fund during the 3rd quarter valued at about $59,000. Finally, Cibc World Market Inc. bought a new stake in shares of PIMCO High Income Fund during the 2nd quarter valued at about $69,000. Institutional investors own 9.80% of the company’s stock.

About PIMCO High Income Fund

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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.