Ladenburg Thalmann Financial Services Inc. cut its stake in Pimco Hif (NYSE:PHK) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 364,873 shares of the investment management company’s stock after selling 19,074 shares during the period. Ladenburg Thalmann Financial Services Inc. owned about 0.28% of Pimco Hif worth $3,036,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Cohen & Steers Inc. boosted its position in Pimco Hif by 84.4% during the third quarter. Cohen & Steers Inc. now owns 486,719 shares of the investment management company’s stock valued at $4,050,000 after buying an additional 222,758 shares during the period. Advisor Group Inc. boosted its position in Pimco Hif by 3.2% during the third quarter. Advisor Group Inc. now owns 288,824 shares of the investment management company’s stock valued at $2,403,000 after buying an additional 9,079 shares during the period. CIBC World Markets Inc. boosted its position in Pimco Hif by 19.3% during 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 buying an additional 29,300 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in Pimco Hif by 7.3% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 159,893 shares of the investment management company’s stock valued at $1,330,000 after buying an additional 10,925 shares during the period. Finally, RFG Advisory Group LLC boosted its position in Pimco Hif by 112.3% during 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. Institutional investors own 4.45% of the company’s stock.

Pimco Hif (NYSE PHK) traded up $0.05 during midday trading on Friday, reaching $7.46. 659,300 shares of the company’s stock traded hands, compared to its average volume of 603,006. Pimco Hif has a twelve month low of $7.19 and a twelve month high of $9.97.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be paid a dividend of $0.0807 per share. This represents a $0.97 annualized dividend and a dividend yield of 12.98%. The ex-dividend date of this dividend is Friday, December 8th.

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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.

Institutional Ownership by Quarter for Pimco Hif (NYSE:PHK)

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