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

Shares of PIMCO High Income Fund (NYSE:PHK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.89 and traded as high as $4.96. PIMCO High Income Fund shares last traded at $4.9550, with a volume of 592,267 shares traded.

PIMCO High Income Fund Stock Performance

The stock’s 50-day moving average is $4.89 and its two-hundred day moving average is $4.89.

PIMCO High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th will be issued a dividend of $0.048 per share. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Tuesday, January 13th.

Hedge Funds Weigh In On PIMCO High Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC raised its holdings in shares of PIMCO High Income Fund by 26.5% during the 2nd quarter. PFG Investments LLC now owns 82,244 shares of the investment management company’s stock worth $395,000 after acquiring an additional 17,219 shares in the last quarter. Future Financial Wealth Managment LLC raised its stake in PIMCO High Income Fund by 1,231.0% during the second quarter. Future Financial Wealth Managment LLC now owns 133,102 shares of the investment management company’s stock valued at $639,000 after purchasing an additional 123,102 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in PIMCO High Income Fund by 79.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 24,800 shares of the investment management company’s stock valued at $119,000 after purchasing an additional 11,000 shares in the last quarter. Integrated Capital Management Inc. lifted its position in PIMCO High Income Fund by 6.3% during the second quarter. Integrated Capital Management Inc. now owns 86,555 shares of the investment management company’s stock valued at $415,000 after purchasing an additional 5,149 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in shares of PIMCO High Income Fund by 5.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 86,126 shares of the investment management company’s stock worth $418,000 after buying an additional 4,631 shares in the last quarter. Hedge funds and other institutional investors 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.