Wells Fargo & Company MN lowered its stake in shares of Pimco Hif (NYSE:PHK) by 31.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,092 shares of the investment management company’s stock after selling 21,960 shares during the period. Wells Fargo & Company MN’s holdings in Pimco Hif were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of PHK. Oppenheimer & Co. Inc. lifted its holdings in shares of Pimco Hif by 44.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 15,331 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 4,707 shares during the last quarter. Girard Partners LTD. purchased a new stake in shares of Pimco Hif during the 2nd quarter valued at $135,000. IFC Holdings Incorporated FL lifted its holdings in shares of Pimco Hif by 2.8% during the 2nd quarter. IFC Holdings Incorporated FL now owns 33,241 shares of the investment management company’s stock valued at $294,000 after purchasing an additional 905 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Pimco Hif by 352.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 66,418 shares of the investment management company’s stock worth $581,000 after acquiring an additional 51,750 shares during the last quarter. Finally, Synovus Financial Corp purchased a new position in Pimco Hif in the 2nd quarter worth $737,000. Institutional investors own 3.50% of the company’s stock.
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Pimco Hif (PHK) opened at $7.35 on Wednesday. Pimco Hif has a 52 week low of $7.32 and a 52 week high of $9.97.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th 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 13.18%. The ex-dividend date is Friday, November 10th.
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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