Pioneer High Income Fund, Inc. (NYSE:PHT) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its position in shares of Pioneer High Income Fund, Inc. (NYSE:PHT) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,888 shares of the closed-end fund’s stock after selling 6,515 shares during the period. Park Avenue Securities LLC’s holdings in Pioneer High Income Fund were worth $967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in Pioneer High Income Fund in the fourth quarter valued at $72,000. Clear Creek Financial Management LLC purchased a new stake in Pioneer High Income Fund during the second quarter worth approximately $77,000. Nomura Holdings Inc. acquired a new position in Pioneer High Income Fund in the fourth quarter valued at approximately $83,000. Melfa Wealth Management Inc. purchased a new position in Pioneer High Income Fund in the second quarter valued at approximately $97,000. Finally, Wolverine Asset Management LLC acquired a new stake in Pioneer High Income Fund during the second quarter worth approximately $175,000.

Pioneer High Income Fund Stock Performance

Shares of NYSE:PHT opened at $8.01 on Thursday. The firm has a 50 day simple moving average of $7.84 and a 200-day simple moving average of $7.61. Pioneer High Income Fund, Inc. has a twelve month low of $6.41 and a twelve month high of $8.04.

Pioneer High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.66 annualized dividend and a yield of 8.24%.

Pioneer High Income Fund 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.