Pioneer High Income Fund (NYSE:PHT) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Pioneer High Income Fund, Inc. (NYSE:PHT)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.86 and traded as low as $7.54. Pioneer High Income Fund shares last traded at $7.60, with a volume of 104,070 shares traded.

Pioneer High Income Fund Trading Down 0.7 %

The company has a 50-day moving average price of $7.84 and a 200-day moving average price of $7.86.

Pioneer High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.66 annualized dividend and a dividend yield of 8.68%.

Hedge Funds Weigh In On Pioneer High Income Fund

Several institutional investors have recently modified their holdings of PHT. Sit Investment Associates Inc. grew its position in shares of Pioneer High Income Fund by 44.3% during the 4th quarter. Sit Investment Associates Inc. now owns 973,294 shares of the closed-end fund’s stock worth $7,543,000 after buying an additional 298,701 shares during the period. Pathstone Holdings LLC grew its position 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 valued at $9,769,000 after purchasing an additional 224,808 shares during the period. Wells Fargo & Company MN grew its position in shares of Pioneer High Income Fund by 14.8% in the 4th quarter. Wells Fargo & Company MN now owns 435,122 shares of the closed-end fund’s stock valued at $3,372,000 after purchasing an additional 56,087 shares during the period. Shaker Financial Services LLC grew its position in shares of Pioneer High Income Fund by 32.0% in the 4th quarter. Shaker Financial Services LLC now owns 189,954 shares of the closed-end fund’s stock valued at $1,472,000 after purchasing an additional 46,026 shares during the period. Finally, Guggenheim Capital LLC grew its position in shares of Pioneer High Income Fund by 10.0% in the 4th quarter. Guggenheim Capital LLC now owns 482,786 shares of the closed-end fund’s stock valued at $3,742,000 after purchasing an additional 43,716 shares during the period.

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.