PIMCO HIF (NYSE:PHK) Stake Decreased by National Planning Corp
National Planning Corp decreased its stake in PIMCO HIF (NYSE:PHK) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 79,720 shares of the investment management company’s stock after selling 84 shares during the period. National Planning Corp’s holdings in PIMCO HIF were worth $700,000 as of its most recent SEC filing.
Separately, Stratos Wealth Partners LTD. raised its position in PIMCO HIF by 352.8% in the second quarter. Stratos Wealth Partners LTD. now owns 66,418 shares of the investment management company’s stock valued at $581,000 after buying an additional 51,750 shares in the last quarter. Institutional investors and hedge funds own 3.93% of the company’s stock.
PIMCO HIF (PHK) opened at 8.45 on Friday. PIMCO HIF has a 1-year low of $8.26 and a 1-year high of $10.12. The stock’s 50 day moving average is $8.70 and its 200 day moving average is $8.79.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $0.0807 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.97 dividend on an annualized basis and a yield of 11.46%.
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PIMCO HIF Company Profile
PIMCO High Income Fund is a closed-end management investment company. The Fund’s primary investment objective is to seek high current income, with capital appreciation as a secondary objective. The Fund will not invest more than 25% of total assets in non-United States-dollar-denominated securities. The Fund will not invest more than 40% of total assets in securities of issuers located in emerging market countries.
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