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

PIMCO High Income Fund (NYSE:PHK)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Up 0.1%

The firm has a fifty day simple moving average of $4.89 and a 200-day simple moving average of $4.89.

PIMCO High Income Fund Dividend Announcement

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

Institutional Trading of PIMCO High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. PFG Investments LLC boosted its position in PIMCO High Income Fund by 26.5% during the second quarter. PFG Investments LLC now owns 82,244 shares of the investment management company’s stock valued at $395,000 after buying an additional 17,219 shares during the period. Future Financial Wealth Managment LLC raised its holdings in PIMCO High Income Fund by 1,231.0% in the second quarter. Future Financial Wealth Managment LLC now owns 133,102 shares of the investment management company’s stock worth $639,000 after buying an additional 123,102 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in PIMCO High Income Fund by 79.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 24,800 shares of the investment management company’s stock worth $119,000 after buying an additional 11,000 shares in the last quarter. Integrated Capital Management Inc. lifted its holdings in shares of PIMCO High Income Fund by 6.3% during the 2nd quarter. Integrated Capital Management Inc. now owns 86,555 shares of the investment management company’s stock valued at $415,000 after buying an additional 5,149 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of PIMCO High Income Fund by 5.7% in the second 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 during 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.