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

Posted by Grant Hamersma on Jan 12th, 2025

PIMCO High Income Fund (NYSE:PHK – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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.

PIMCO High Income Fund Price Performance

The stock’s fifty day simple moving average is $4.98 and its two-hundred day simple moving average is $4.93.

PIMCO High Income Fund Dividend Announcement

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

Hedge Funds Weigh In On PIMCO High Income Fund

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

About PIMCO High Income Fund

(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.