PIMCO HIF (PHK) Position Raised by MML Investors Services LLC
MML Investors Services LLC increased its holdings in PIMCO HIF (NYSE:PHK) by 6.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,083 shares of the investment management company’s stock after buying an additional 7,013 shares during the period. MML Investors Services LLC owned 0.10% of PIMCO HIF worth $1,068,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of PHK. Synovus Financial Corp purchased a new stake in shares of PIMCO HIF in the second quarter worth $737,000. RFG Advisory Group LLC raised its position in shares of PIMCO HIF by 112.3% in the second quarter. RFG Advisory Group LLC now owns 143,275 shares of the investment management company’s stock worth $1,254,000 after buying an additional 75,791 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of 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 worth $581,000 after buying an additional 51,750 shares in the last quarter. CIBC World Markets Inc. raised its position in shares of PIMCO HIF by 19.3% in the second quarter. CIBC World Markets Inc. now owns 180,860 shares of the investment management company’s stock worth $1,583,000 after buying an additional 29,300 shares in the last quarter. Finally, Girard Partners LTD. purchased a new stake in shares of PIMCO HIF in the second quarter worth $135,000. Institutional investors own 3.67% of the company’s stock.
Shares of PIMCO HIF (NYSE:PHK) opened at 8.33 on Friday. PIMCO HIF has a 12 month low of $8.09 and a 12 month high of $9.99. The company has a 50 day moving average price of $8.48 and a 200-day moving average price of $8.66.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be given a dividend of $0.0807 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 11.63%. The ex-dividend date is Friday, September 8th.
COPYRIGHT VIOLATION NOTICE: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/09/24/pimco-hif-phk-position-raised-by-mml-investors-services-llc.html.
PIMCO HIF 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.
Want to see what other hedge funds are holding PHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PIMCO HIF (NYSE:PHK).
Receive News & Ratings for PIMCO HIF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO HIF and related companies with MarketBeat.com's FREE daily email newsletter.