Pioneer High Income Fund (NYSE:PHT) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Pioneer High Income Fund, Inc. (NYSE:PHT)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.84 and traded as high as $7.93. Pioneer High Income Fund shares last traded at $7.86, with a volume of 80,961 shares traded.

Pioneer High Income Fund Trading Down 0.3 %

The firm’s fifty day moving average is $7.84 and its two-hundred day moving average is $7.85.

Pioneer High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a yield of 8.40%. The ex-dividend date is Tuesday, February 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pathstone Holdings LLC boosted its holdings in Pioneer High Income Fund by 9.1% during the fourth quarter. Pathstone Holdings LLC now owns 1,332,034 shares of the closed-end fund’s stock worth $10,324,000 after purchasing an additional 110,985 shares during the last quarter. Sit Investment Associates Inc. raised its position in Pioneer High Income Fund by 44.3% in the fourth quarter. Sit Investment Associates Inc. now owns 973,294 shares of the closed-end fund’s stock worth $7,543,000 after acquiring an additional 298,701 shares during the period. Invesco Ltd. raised its position in Pioneer High Income Fund by 0.5% in the fourth quarter. Invesco Ltd. now owns 579,219 shares of the closed-end fund’s stock worth $4,489,000 after acquiring an additional 3,007 shares during the period. Guggenheim Capital LLC raised its position in Pioneer High Income Fund by 10.0% in the fourth quarter. Guggenheim Capital LLC now owns 482,786 shares of the closed-end fund’s stock worth $3,742,000 after acquiring an additional 43,716 shares during the period. Finally, Wells Fargo & Company MN raised its position in Pioneer High Income Fund by 14.8% in the fourth quarter. Wells Fargo & Company MN now owns 435,122 shares of the closed-end fund’s stock worth $3,372,000 after acquiring an additional 56,087 shares during the period.

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.