First Allied Advisory Services Inc. Sells 7,451 Shares of Pimco Hif (PHK)

First Allied Advisory Services Inc. reduced its stake in Pimco Hif (NYSE:PHK) by 24.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,951 shares of the investment management company’s stock after selling 7,451 shares during the period. First Allied Advisory Services Inc.’s holdings in Pimco Hif were worth $203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PHK. Stratos Wealth Partners LTD. grew 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 worth $581,000 after acquiring an additional 51,750 shares during the last quarter. IFC Holdings Incorporated FL grew 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 worth $294,000 after acquiring an additional 905 shares during the last quarter. RFG Advisory Group LLC grew 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 worth $1,254,000 after acquiring an additional 75,791 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew 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 worth $991,000 after acquiring an additional 6,230 shares during the last quarter. Finally, Girard Partners LTD. purchased a new stake in shares of Pimco Hif in the second quarter worth $135,000. 3.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Pimco Hif (NYSE:PHK) opened at 8.07 on Friday. The stock has a 50 day moving average price of $8.35 and a 200-day moving average price of $8.61. Pimco Hif has a 1-year low of $8.06 and a 1-year high of $9.97.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 13th will be paid a dividend of $0.0807 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.97 annualized dividend and a yield of 12.00%.

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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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