PIMCO High Income Fund (NYSE:PHK) Shares Cross Above 200 Day Moving Average – Here’s Why

PIMCO High Income Fund (NYSE:PHK) crossed 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.

PIMCO High Income Fund Stock Performance

The firm has a 50 day simple moving average of $4.90 and a two-hundred day simple moving average 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 dividend yield of 11.6%. The ex-dividend date is Thursday, February 12th.

Hedge Funds Weigh In On PIMCO High Income Fund

Several large investors have recently bought and sold shares of the stock. Alpha Cubed Investments LLC lifted its stake in shares of PIMCO High Income Fund by 10.5% in the 3rd quarter. Alpha Cubed Investments LLC now owns 22,194 shares of the investment management company’s stock worth $111,000 after acquiring an additional 2,115 shares during the period. 180 Wealth Advisors LLC raised its holdings in PIMCO High Income Fund by 11.3% during the second quarter. 180 Wealth Advisors LLC now owns 22,175 shares of the investment management company’s stock worth $106,000 after purchasing an additional 2,250 shares in the last quarter. TrueMark Investments LLC lifted its position in PIMCO High Income Fund by 3.7% in the fourth quarter. TrueMark Investments LLC now owns 79,784 shares of the investment management company’s stock worth $388,000 after purchasing an additional 2,862 shares during the period. J.W. Cole Advisors Inc. boosted its stake in PIMCO High Income Fund by 5.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 56,430 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its position in shares of PIMCO High Income Fund by 3.0% during the 2nd quarter. Kingsview Wealth Management LLC now owns 107,559 shares of the investment management company’s stock valued at $516,000 after purchasing an additional 3,163 shares during the period. Institutional investors and hedge funds own 11.75% of the company’s stock.

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.