Pioneer High Income Fund (NYSE:PHT) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Pioneer High Income Fund, Inc. (NYSE:PHT) passed 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 Stock Performance

The firm’s 50-day simple moving average is $7.84 and its 200 day simple moving average is $7.86.

Pioneer High Income Fund Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pathstone Holdings LLC raised its stake in 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 last quarter. Avior Wealth Management LLC raised its stake in 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 valued at $99,000 after purchasing an additional 2,632 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Pioneer High Income Fund by 0.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 372,473 shares of the closed-end fund’s stock valued at $2,980,000 after purchasing an additional 3,210 shares during the last quarter. Landscape Capital Management L.L.C. raised its stake in Pioneer High Income Fund by 32.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 118,074 shares of the closed-end fund’s stock valued at $945,000 after purchasing an additional 29,213 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Pioneer High Income Fund by 14.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 94,470 shares of the closed-end fund’s stock valued at $756,000 after purchasing an additional 12,000 shares during the last quarter.

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.