PIMCO High Income Fund (NYSE:PHK) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

PIMCO High Income Fund (NYSE:PHK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.90 and traded as high as $4.91. PIMCO High Income Fund shares last traded at $4.91, with a volume of 510,219 shares changing hands.

PIMCO High Income Fund Stock Performance

The business’s 50-day moving average is $4.91 and its two-hundred day moving average is $4.90.

PIMCO High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be paid a $0.048 dividend. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend is Thursday, February 12th.

Institutional Investors Weigh In On PIMCO High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in PHK. Guerra Advisors Inc purchased a new position in PIMCO High Income Fund during the third quarter worth approximately $28,000. Aspect Partners LLC acquired a new stake in shares of PIMCO High Income Fund in the 3rd quarter worth $29,000. Cornerstone Planning Group LLC increased its stake in shares of PIMCO High Income Fund by 31,295.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 6,279 shares of the investment management company’s stock worth $31,000 after acquiring an additional 6,259 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of PIMCO High Income Fund during the 2nd quarter worth $48,000. Finally, Zullo Investment Group Inc. purchased a new position in shares of PIMCO High Income Fund during the 3rd quarter worth $50,000. 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.