Flagship Harbor Advisors LLC Buys New Position in Pioneer High Income Fund, Inc. (NYSE:PHT)

Flagship Harbor Advisors LLC purchased a new position in shares of Pioneer High Income Fund, Inc. (NYSE:PHT) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,022,153 shares of the closed-end fund’s stock, valued at approximately $8,177,000.

A number of other large investors have also recently bought and sold shares of PHT. Allspring Global Investments Holdings LLC bought a new position in Pioneer High Income Fund in the second quarter valued at approximately $1,039,000. Shaker Financial Services LLC increased its holdings in Pioneer High Income Fund by 197.1% during the second quarter. Shaker Financial Services LLC now owns 155,045 shares of the closed-end fund’s stock worth $1,166,000 after buying an additional 102,863 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in Pioneer High Income Fund in the second quarter valued at $175,000. Advisors Asset Management Inc. grew its position in shares of Pioneer High Income Fund by 7.2% in the 1st quarter. Advisors Asset Management Inc. now owns 326,613 shares of the closed-end fund’s stock valued at $2,502,000 after acquiring an additional 21,957 shares during the period. Finally, Melfa Wealth Management Inc. acquired a new position in shares of Pioneer High Income Fund during the 2nd quarter worth about $97,000.

Pioneer High Income Fund Price Performance

NYSE PHT traded down $0.01 during trading on Tuesday, reaching $7.80. 36,416 shares of the company’s stock were exchanged, compared to its average volume of 78,120. The business has a 50 day moving average price of $7.89 and a 200-day moving average price of $7.63. Pioneer High Income Fund, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $8.04.

Pioneer High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be paid a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date is Friday, October 18th.

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.