Pioneer High Income Fund (NYSE:PHT) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Pioneer High Income Fund, Inc. (NYSE:PHT) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.86 and traded as low as $7.81. Pioneer High Income Fund shares last traded at $7.83, with a volume of 96,358 shares changing hands.

Pioneer High Income Fund Trading Down 0.4 %

The firm’s 50-day moving average price is $7.85 and its 200 day moving average price is $7.86.

Pioneer High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a dividend yield of 8.43%. The ex-dividend date was Tuesday, February 18th.

Institutional Investors Weigh In On Pioneer High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in PHT. Avior Wealth Management LLC increased its position in shares of Pioneer High Income Fund by 27.1% during the third quarter. Avior Wealth Management LLC now owns 12,338 shares of the closed-end fund’s stock worth $99,000 after acquiring an additional 2,632 shares in the last quarter. Advisor Resource Council bought a new stake in shares of Pioneer High Income Fund during the third quarter worth about $105,000. Apollon Wealth Management LLC bought a new stake in shares of Pioneer High Income Fund during the fourth quarter worth about $110,000. Truist Financial Corp bought a new stake in shares of Pioneer High Income Fund during the fourth quarter worth about $151,000. Finally, Uncommon Cents Investing LLC increased its position in shares of Pioneer High Income Fund by 39.5% during the fourth quarter. Uncommon Cents Investing LLC now owns 23,850 shares of the closed-end fund’s stock worth $185,000 after acquiring an additional 6,750 shares in the last quarter.

Pioneer High Income Fund Company 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.