Opera Trading Capital Sells 37,500 Shares of Pimco Hif (PHK)
Opera Trading Capital trimmed its position in Pimco Hif (NYSE:PHK) by 65.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,141 shares of the investment management company’s stock after selling 37,500 shares during the quarter. Opera Trading Capital’s holdings in Pimco Hif were worth $168,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of PHK. Synovus Financial Corp acquired a new position in shares of Pimco Hif in the second quarter valued at $737,000. RFG Advisory Group LLC raised 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 purchasing an additional 75,791 shares in the last quarter. Stratos Wealth Partners LTD. raised 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 purchasing an additional 51,750 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Pimco Hif in the second quarter valued at $279,000. Finally, CIBC World Markets Inc. raised its stake 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 valued at $1,583,000 after purchasing an additional 29,300 shares in the last quarter. Institutional investors and hedge funds own 3.50% of the company’s stock.
Pimco Hif (NYSE:PHK) opened at $7.37 on Tuesday. Pimco Hif has a 12 month low of $7.45 and a 12 month high of $9.97.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a dividend of $0.0807 per share. The ex-dividend date is Friday, November 10th. This represents a $0.97 annualized dividend and a yield of 13.14%.
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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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