Traynor Capital Management Inc. cut its stake in PIMCO HIF (NYSE:PHK) by 23.8% during the second quarter, Holdings Channel reports. The firm owned 87,795 shares of the investment management company’s stock after selling 27,481 shares during the period. Traynor Capital Management Inc.’s holdings in PIMCO HIF were worth $763,000 as of its most recent SEC filing.

Separately, Stratos Wealth Partners LTD. raised its stake in 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 valued at $581,000 after buying an additional 51,750 shares during the period. Institutional investors own 3.93% of the company’s stock.

PIMCO HIF (NYSE PHK) traded up 0.299% during midday trading on Friday, hitting $8.395. 129,856 shares of the stock traded hands. The stock has a 50-day moving average of $8.71 and a 200 day moving average of $8.80. PIMCO HIF has a 52-week low of $8.26 and a 52-week high of $10.12.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $0.0807 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.97 annualized dividend and a dividend yield of 11.57%.

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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.

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Institutional Ownership by Quarter for PIMCO HIF (NYSE:PHK)

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