Pimco Hif (PHK) Position Raised by National Planning Corp

National Planning Corp increased its holdings in shares of Pimco Hif (NYSE:PHK) by 34.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,909 shares of the investment management company’s stock after purchasing an additional 27,189 shares during the period. National Planning Corp owned approximately 0.08% of Pimco Hif worth $887,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC World Markets Inc. grew its stake 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 worth $1,583,000 after purchasing an additional 29,300 shares during the period. Citadel Advisors LLC acquired a new stake in Pimco Hif in the second quarter valued at approximately $279,000. Girard Partners LTD. acquired a new stake in Pimco Hif in the second quarter valued at approximately $135,000. Advisor Group Inc. grew its stake in Pimco Hif by 11.0% in the second quarter. Advisor Group Inc. now owns 279,745 shares of the investment management company’s stock valued at $2,448,000 after acquiring an additional 27,780 shares during the period. Finally, IFC Holdings Incorporated FL grew its stake in 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 acquiring an additional 905 shares during the period. 4.45% of the stock is owned by institutional investors and hedge funds.

Shares of Pimco Hif (NYSE PHK) traded up $0.01 during trading on Monday, reaching $7.46. The company’s stock had a trading volume of 599,600 shares, compared to its average volume of 596,698. Pimco Hif has a 12-month low of $7.19 and a 12-month high of $9.97.

The company also recently disclosed a monthly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were paid a $0.0807 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.97 dividend on an annualized basis and a yield of 12.98%.

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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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