Pioneer High Income Fund (NYSE:PHT) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Pioneer High Income Fund, Inc. (NYSE:PHT) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.84 and traded as high as $7.95. Pioneer High Income Fund shares last traded at $7.93, with a volume of 38,296 shares changing hands.

Pioneer High Income Fund Trading Up 0.4 %

The company’s 50-day moving average is $7.84 and its two-hundred day moving average is $7.84.

Pioneer High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a dividend yield of 8.29%. The ex-dividend date of this dividend is Tuesday, February 18th.

Institutional Investors Weigh In On Pioneer High Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in PHT. Flagship Harbor Advisors LLC bought a new stake in shares of Pioneer High Income Fund during the third quarter valued at approximately $8,177,000. Sit Investment Associates Inc. increased its position in shares of Pioneer High Income Fund by 44.3% during the fourth quarter. Sit Investment Associates Inc. now owns 973,294 shares of the closed-end fund’s stock valued at $7,543,000 after acquiring an additional 298,701 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in Pioneer High Income Fund by 22.6% in the third quarter. Pathstone Holdings LLC now owns 1,221,049 shares of the closed-end fund’s stock worth $9,769,000 after purchasing an additional 224,808 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Pioneer High Income Fund by 14.8% in the fourth quarter. Wells Fargo & Company MN now owns 435,122 shares of the closed-end fund’s stock worth $3,372,000 after purchasing an additional 56,087 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in Pioneer High Income Fund by 32.0% in the fourth quarter. Shaker Financial Services LLC now owns 189,954 shares of the closed-end fund’s stock worth $1,472,000 after purchasing an additional 46,026 shares during the last quarter.

Pioneer High Income Fund Company Profile

Pioneer High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities.