Pimco High Income Fund 2018 Q1 Institutional Investor Sentiment Worse Than Expected

June 17, 2018 - By Marguerite Chambers

Sentiment for Pimco High Income Fund (NYSE:PHK)

Pimco High Income Fund (NYSE:PHK) institutional sentiment decreased to 0.67 in Q1 2018. Its down -0.21, from 0.88 in 2017Q4. The ratio dropped, as 22 hedge funds started new and increased stock positions, while 33 sold and trimmed stock positions in Pimco High Income Fund. The hedge funds in our partner’s database reported: 4.64 million shares, down from 6.57 million shares in 2017Q4. Also, the number of hedge funds holding Pimco High Income Fund in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 13 Reduced: 20 Increased: 13 New Position: 9.

The stock increased 0.36% or $0.03 during the last trading session, reaching $8.31. About 567,099 shares traded or 1.73% up from the average. PIMCO High Income Fund (NYSE:PHK) has declined 7.13% since June 17, 2017 and is downtrending. It has underperformed by 19.70% the S&P500.

Thomas J. Herzfeld Advisors Inc. holds 0.26% of its portfolio in PIMCO High Income Fund for 88,939 shares. Rivernorth Capital Management Llc owns 388,789 shares or 0.22% of their US portfolio. Moreover, Rfg Advisory Group Llc has 0.19% invested in the company for 66,552 shares. The Texas-based Next Financial Group Inc has invested 0.18% in the stock. Sunbelt Securities Inc., a Texas-based fund reported 19,307 shares.

Another recent and important PIMCO High Income Fund (NYSE:PHK) news was published by Equitiesfocus.com which published an article titled: “PIMCO High Income Fund Declares Monthly Dividend of $0.08 (NYSE:PHK)” on June 12, 2018.

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