Sheaff Brock Investment Advisors LLC raised its position in Pimco Hif (NYSE:PHK) by 7.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,893 shares of the investment management company’s stock after buying an additional 10,925 shares during the quarter. Sheaff Brock Investment Advisors LLC owned about 0.12% of Pimco Hif worth $1,330,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC World Markets Inc. raised its stake in shares of Pimco Hif by 19.3% in the second quarter. CIBC World Markets Inc. now owns 180,860 shares of the investment management company’s stock valued at $1,583,000 after buying an additional 29,300 shares during the period. Citadel Advisors LLC bought a new stake in shares of Pimco Hif in the second quarter valued at $279,000. Girard Partners LTD. bought a new stake in shares of Pimco Hif in the second quarter valued at $135,000. Advisor Group Inc. raised its stake in shares of 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 buying an additional 27,780 shares during the period. Finally, IFC Holdings Incorporated FL raised 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 valued at $294,000 after buying an additional 905 shares during the period. Hedge funds and other institutional investors own 4.45% of the company’s stock.
Shares of Pimco Hif (PHK) traded up $0.01 on Monday, hitting $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 52-week low of $7.19 and a 52-week high of $9.97.
TRADEMARK VIOLATION WARNING: “Pimco Hif (PHK) Position Increased by Sheaff Brock Investment Advisors LLC” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.com-unik.info/2017/12/04/pimco-hif-phk-position-increased-by-sheaff-brock-investment-advisors-llc.html.
Pimco Hif 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.
Want to see what other hedge funds are holding PHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pimco Hif (NYSE:PHK).
What are top analysts saying about Pimco Hif? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Pimco Hif and related companies.