Pioneer High Income Fund (NYSE:PHT) Shares Cross Above 50-Day Moving Average of $7.77

Pioneer High Income Fund, Inc. (NYSE:PHT) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.77 and traded as high as $7.96. Pioneer High Income Fund shares last traded at $7.96, with a volume of 74,192 shares.

Pioneer High Income Fund Trading Up 0.3 %

The firm’s fifty day moving average price is $7.77 and its two-hundred day moving average price is $7.58.

Pioneer High Income Fund Announces Dividend

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

Institutional Investors Weigh In On Pioneer High Income Fund

A number of hedge funds have recently made changes to their positions in PHT. UBS Group AG increased its position in Pioneer High Income Fund by 1.8% in the fourth quarter. UBS Group AG now owns 842,584 shares of the closed-end fund’s stock worth $6,024,000 after buying an additional 14,845 shares during the last quarter. Advisors Asset Management Inc. raised its stake in 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. Shaker Financial Services LLC lifted 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 valued at $1,166,000 after purchasing an additional 102,863 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Pioneer High Income Fund during the second quarter worth about $1,039,000. Finally, MRA Advisory Group raised its position in shares of Pioneer High Income Fund by 35.0% in the first quarter. MRA Advisory Group now owns 37,694 shares of the closed-end fund’s stock valued at $289,000 after purchasing an additional 9,770 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.