PIMCO High Income Fund (NYSE:PHK) Shares Pass Above 200 Day Moving Average – Should You Sell?

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 $4.83 and traded as high as $4.87. PIMCO High Income Fund shares last traded at $4.8450, with a volume of 1,074,478 shares.

PIMCO High Income Fund Stock Down 0.1%

The company has a 50 day moving average of $4.92 and a 200-day moving average of $4.83.

PIMCO High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, October 14th will be paid a $0.048 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a c) annualized dividend and a dividend yield of 11.9%.

Institutional Trading of PIMCO High Income Fund

Several large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in PIMCO High Income Fund in the first quarter worth about $85,000. Janney Montgomery Scott LLC lifted its holdings in PIMCO High Income Fund by 60.6% in the first quarter. Janney Montgomery Scott LLC now owns 19,698 shares of the investment management company’s stock worth $96,000 after buying an additional 7,431 shares during the period. Envestnet Asset Management Inc. lifted its holdings in PIMCO High Income Fund by 12.7% in the first quarter. Envestnet Asset Management Inc. now owns 877,732 shares of the investment management company’s stock worth $4,292,000 after buying an additional 98,600 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in PIMCO High Income Fund by 19.1% in the first quarter. Moloney Securities Asset Management LLC now owns 23,335 shares of the investment management company’s stock worth $114,000 after buying an additional 3,736 shares during the period. Finally, Kingsview Wealth Management LLC lifted its holdings in PIMCO High Income Fund by 3.0% in the first quarter. Kingsview Wealth Management LLC now owns 104,396 shares of the investment management company’s stock worth $510,000 after buying an additional 2,998 shares during the period. 11.75% of the stock is owned by institutional investors.

PIMCO High Income Fund Company Profile

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.