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

PIMCO High Income Fund (NYSE:PHK) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $8.07. PIMCO High Income Fund shares last traded at $8.04, with a volume of 389,015 shares trading hands.

The business’s fifty day moving average price is $7.98.

A number of institutional investors and hedge funds have recently bought and sold shares of PHK. Sigma Planning Corp grew its holdings in PIMCO High Income Fund by 17.8% in the 2nd quarter. Sigma Planning Corp now owns 291,978 shares of the investment management company’s stock valued at $2,312,000 after buying an additional 44,114 shares during the period. Advisor Group Inc. lifted its stake in shares of PIMCO High Income Fund by 7.5% in the 2nd quarter. Advisor Group Inc. now owns 350,531 shares of the investment management company’s stock valued at $2,777,000 after purchasing an additional 24,342 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of PIMCO High Income Fund by 12.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 201,547 shares of the investment management company’s stock valued at $1,596,000 after purchasing an additional 22,925 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of PIMCO High Income Fund by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 703,152 shares of the investment management company’s stock valued at $5,568,000 after purchasing an additional 22,740 shares in the last quarter. Finally, Traynor Capital Management Inc. lifted its stake in shares of PIMCO High Income Fund by 58.6% in the 2nd quarter. Traynor Capital Management Inc. now owns 49,278 shares of the investment management company’s stock valued at $393,000 after purchasing an additional 18,214 shares in the last quarter. Institutional investors own 4.83% 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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