Park Avenue Securities LLC Grows Stake in Pioneer High Income Fund, Inc. (NYSE:PHT)

Park Avenue Securities LLC lifted its position in Pioneer High Income Fund, Inc. (NYSE:PHT) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 128,071 shares of the closed-end fund’s stock after purchasing an additional 7,183 shares during the period. Park Avenue Securities LLC’s holdings in Pioneer High Income Fund were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of PHT. Capital Investment Advisors LLC boosted its stake in shares of Pioneer High Income Fund by 1.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 171,171 shares of the closed-end fund’s stock worth $1,369,000 after buying an additional 1,795 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Pioneer High Income Fund in the 3rd quarter worth $8,177,000. Advisor Resource Council purchased a new position in shares of Pioneer High Income Fund in the 3rd quarter worth $105,000. Pathstone Holdings LLC boosted its stake in shares of Pioneer High Income Fund by 22.6% in the 3rd quarter. Pathstone Holdings LLC now owns 1,221,049 shares of the closed-end fund’s stock worth $9,769,000 after buying an additional 224,808 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of Pioneer High Income Fund by 27.1% in the 3rd quarter. Avior Wealth Management LLC now owns 12,338 shares of the closed-end fund’s stock worth $99,000 after buying an additional 2,632 shares during the last quarter.

Pioneer High Income Fund Stock Performance

PHT stock opened at $7.80 on Tuesday. The stock’s fifty day moving average price is $7.82 and its 200-day moving average price is $7.81. Pioneer High Income Fund, Inc. has a 1 year low of $7.10 and a 1 year high of $8.04.

Pioneer High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.055 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.66 annualized dividend and a yield of 8.47%.

About Pioneer High Income Fund

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.