Cetera Advisor Networks LLC trimmed its holdings in shares of Pimco Hif (NYSE:PHK) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 495,853 shares of the investment management company’s stock after selling 22,574 shares during the period. Cetera Advisor Networks LLC owned 0.39% of Pimco Hif worth $4,120,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Cohen & Steers Inc. raised its holdings in shares of Pimco Hif by 84.4% during the third quarter. Cohen & Steers Inc. now owns 486,719 shares of the investment management company’s stock worth $4,050,000 after purchasing an additional 222,758 shares during the period. Synovus Financial Corp increased its holdings in shares of Pimco Hif by 44.0% in the 3rd quarter. Synovus Financial Corp now owns 121,372 shares of the investment management company’s stock worth $1,011,000 after acquiring an additional 37,098 shares during the period. Sheaff Brock Investment Advisors LLC increased its holdings in shares of Pimco Hif by 7.3% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 159,893 shares of the investment management company’s stock worth $1,330,000 after acquiring an additional 10,925 shares during the period. National Planning Corp increased its holdings in shares of Pimco Hif by 34.1% in the 3rd quarter. National Planning Corp now owns 106,909 shares of the investment management company’s stock worth $887,000 after acquiring an additional 27,189 shares during the period. Finally, Citadel Advisors LLC increased its holdings in shares of Pimco Hif by 220.4% in the 3rd quarter. Citadel Advisors LLC now owns 101,979 shares of the investment management company’s stock worth $848,000 after acquiring an additional 70,147 shares during the period. 4.45% of the stock is currently owned by institutional investors.

Pimco Hif (NYSE PHK) traded down $0.09 during mid-day trading on Wednesday, hitting $7.37. 1,048,800 shares of the company were exchanged, compared to its average volume of 601,882. Pimco Hif has a 1-year low of $7.19 and a 1-year high of $9.97.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be issued a $0.0807 dividend. The ex-dividend date is Friday, December 8th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 13.14%.

COPYRIGHT VIOLATION WARNING: “Cetera Advisor Networks LLC Reduces Holdings in Pimco Hif (PHK)” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.watchlistnews.com/cetera-advisor-networks-llc-reduces-holdings-in-pimco-hif-phk/1761605.html.

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)

Receive News & Ratings for Pimco Hif Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco Hif and related companies with MarketBeat.com's FREE daily email newsletter.