Pioneer High Income Fund (NYSE:PHT) Shares Pass Above 50 Day Moving Average of $7.73

Pioneer High Income Fund, Inc. (NYSE:PHT)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.73 and traded as high as $7.97. Pioneer High Income Fund shares last traded at $7.95, with a volume of 90,484 shares trading hands.

Pioneer High Income Fund Trading Up 0.4 %

The stock has a fifty day simple moving average of $7.73 and a 200-day simple moving average of $7.56.

Pioneer High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date is Friday, September 20th.

Institutional Trading of Pioneer High Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its holdings in shares of Pioneer High Income Fund by 1.8% in the 4th quarter. UBS Group AG now owns 842,584 shares of the closed-end fund’s stock valued at $6,024,000 after purchasing an additional 14,845 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in Pioneer High Income Fund by 18.5% in the second quarter. Atomi Financial Group Inc. now owns 35,458 shares of the closed-end fund’s stock valued at $267,000 after buying an additional 5,545 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Pioneer High Income Fund by 14.2% during the 1st quarter. International Assets Investment Management LLC now owns 24,568 shares of the closed-end fund’s stock worth $188,000 after purchasing an additional 3,053 shares during the period. Principal Securities Inc. acquired a new position in Pioneer High Income Fund in the fourth quarter valued at $36,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Pioneer High Income Fund in the second quarter valued at about $175,000.

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.