PIMCO High Income Fund (NYSE:PHK) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of PIMCO High Income Fund (NYSE:PHK) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.87 and traded as high as $5.05. PIMCO High Income Fund shares last traded at $5.04, with a volume of 421,666 shares.

PIMCO High Income Fund Trading Up 0.2 %

The stock’s 50-day moving average is $4.99 and its two-hundred day moving average is $4.87.

PIMCO High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.048 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.58 annualized dividend and a dividend yield of 11.44%.

Institutional Investors Weigh In On PIMCO High Income Fund

Several institutional investors and hedge funds have recently modified their holdings of PHK. Charles Schwab Investment Advisory Inc. acquired a new position in PIMCO High Income Fund in the 1st quarter valued at about $50,000. Brookstone Capital Management acquired a new position in shares of PIMCO High Income Fund in the second quarter valued at approximately $53,000. E&G Advisors LP purchased a new stake in PIMCO High Income Fund during the 3rd quarter worth approximately $54,000. Fortitude Family Office LLC acquired a new stake in PIMCO High Income Fund during the 3rd quarter worth approximately $59,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of PIMCO High Income Fund in the third quarter worth $65,000. Hedge funds and other institutional investors own 11.75% of the company’s stock.

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.