PIMCO High Income Fund (NYSE:PHK) Share Price Crosses Above 200-Day Moving Average of $0.00

PIMCO High Income Fund (NYSE:PHK) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $7.93. PIMCO High Income Fund shares last traded at $7.80, with a volume of 71,961 shares trading hands.

The business has a 50 day simple moving average of $8.00 and a two-hundred day simple moving average of $8.19.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stonebridge Capital Advisors LLC bought a new position in PIMCO High Income Fund during the 2nd quarter worth about $78,000. RDA Financial Network acquired a new position in PIMCO High Income Fund in the second quarter valued at $82,000. Wedbush Securities Inc. lifted its holdings in PIMCO High Income Fund by 21.1% in the second quarter. Wedbush Securities Inc. now owns 13,396 shares of the investment management company’s stock valued at $106,000 after buying an additional 2,336 shares during the period. Centric Wealth Management acquired a new position in PIMCO High Income Fund in the second quarter valued at $116,000. Finally, Smith Moore & CO. lifted its holdings in PIMCO High Income Fund by 18.9% in the second quarter. Smith Moore & CO. now owns 18,356 shares of the investment management company’s stock valued at $145,000 after buying an additional 2,916 shares during the period. Hedge funds and other institutional investors own 4.93% of the company’s stock.



About PIMCO High Income Fund (NYSE:PHK)

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.

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