Foundations Investment Advisors LLC Lowers Stock Position in Pioneer High Income Fund, Inc. (NYSE:PHT)

Foundations Investment Advisors LLC trimmed its holdings in shares of Pioneer High Income Fund, Inc. (NYSE:PHT) by 31.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,871 shares of the closed-end fund’s stock after selling 4,993 shares during the period. Foundations Investment Advisors LLC’s holdings in Pioneer High Income Fund were worth $87,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. PNC Financial Services Group Inc. acquired a new position in Pioneer High Income Fund during the fourth quarter worth $72,000. Clear Creek Financial Management LLC acquired a new position in shares of Pioneer High Income Fund during the 2nd quarter worth $77,000. Melfa Wealth Management Inc. purchased a new position in shares of Pioneer High Income Fund in the 2nd quarter valued at about $97,000. Wolverine Asset Management LLC acquired a new stake in shares of Pioneer High Income Fund in the second quarter valued at about $175,000. Finally, Integrated Capital Management Inc. boosted its holdings in Pioneer High Income Fund by 12.0% during the second quarter. Integrated Capital Management Inc. now owns 24,425 shares of the closed-end fund’s stock worth $184,000 after buying an additional 2,621 shares in the last quarter.

Pioneer High Income Fund Stock Performance

Shares of PHT opened at $7.78 on Monday. Pioneer High Income Fund, Inc. has a twelve month low of $6.41 and a twelve month high of $8.04. The firm’s 50-day moving average is $7.89 and its two-hundred day moving average is $7.64.

Pioneer High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date is Friday, October 18th.

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.