Girard Partners LTD. acquired a new stake in PIMCO HIF (NYSE:PHK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,411 shares of the investment management company’s stock, valued at approximately $135,000.

Other hedge funds have also recently modified their holdings of the company. IFC Holdings Incorporated FL boosted its stake in shares of PIMCO HIF by 2.8% in the second quarter. IFC Holdings Incorporated FL now owns 33,241 shares of the investment management company’s stock valued at $294,000 after buying an additional 905 shares during the period. RFG Advisory Group LLC boosted its stake 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 valued at $1,254,000 after buying an additional 75,791 shares during the period. Stratos Wealth Partners LTD. boosted its stake 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 valued at $581,000 after buying an additional 51,750 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of PIMCO HIF by 5.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 113,228 shares of the investment management company’s stock valued at $991,000 after buying an additional 6,230 shares during the period. 3.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of PIMCO HIF (PHK) opened at 8.47 on Wednesday. PIMCO HIF has a one year low of $8.26 and a one year high of $10.12. The stock’s 50 day moving average price is $8.62 and its 200 day moving average price is $8.71.

The business also recently announced a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.0807 per share. This represents a $0.97 dividend on an annualized basis and a yield of 11.43%. The ex-dividend date is Wednesday, August 9th.

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About PIMCO HIF

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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Institutional Ownership by Quarter for PIMCO HIF (NYSE:PHK)

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