PIMCO High Income Fund (NYSE:PHK) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Posted by Eileen French on Jan 12th, 2025

PIMCO High Income Fund (NYSE:PHK – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.93 and traded as high as $4.93. PIMCO High Income Fund shares last traded at $4.88, with a volume of 1,009,408 shares changing hands.

PIMCO High Income Fund Stock Down 1.2 %

The company has a 50-day moving average price of $4.98 and a 200 day moving average price of $4.93.

PIMCO High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be paid a dividend of $0.048 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.58 annualized dividend and a yield of 11.80%.

Institutional Trading of PIMCO High Income Fund

Hedge funds have recently made changes to their positions in the stock. E&G Advisors LP acquired a new position in PIMCO High Income Fund in the 3rd quarter valued at approximately $54,000. XTX Topco Ltd purchased a new position in shares of PIMCO High Income Fund during the 3rd quarter valued at $56,000. Fortitude Family Office LLC purchased a new stake in shares of PIMCO High Income Fund during the third quarter worth $59,000. Foundations Investment Advisors LLC purchased a new stake in shares of PIMCO High Income Fund during the third quarter worth $65,000. Finally, HighTower Advisors LLC purchased a new position in PIMCO High Income Fund in the third quarter valued at about $75,000. 11.75% of the stock is owned by hedge funds and other institutional investors.

PIMCO High Income Fund Company Profile

(Get Free Report)

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.