Pioneer High Income Fund (NYSE:PHT) Shares Cross Above 50-Day Moving Average of $7.77

Pioneer High Income Fund, Inc. (NYSE:PHT)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.77 and traded as high as $7.96. Pioneer High Income Fund shares last traded at $7.96, with a volume of 74,192 shares traded.

Pioneer High Income Fund Stock Up 0.3 %

The firm’s 50 day moving average is $7.77 and its 200 day moving average is $7.58.

Pioneer High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, September 20th. This represents a $0.66 annualized dividend and a dividend yield of 8.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its holdings in shares of Pioneer High Income Fund by 1.8% during the fourth quarter. UBS Group AG now owns 842,584 shares of the closed-end fund’s stock valued at $6,024,000 after purchasing an additional 14,845 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Pioneer High Income Fund by 18.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 35,458 shares of the closed-end fund’s stock valued at $267,000 after buying an additional 5,545 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Pioneer High Income Fund by 14.2% in the 1st quarter. International Assets Investment Management LLC now owns 24,568 shares of the closed-end fund’s stock worth $188,000 after buying an additional 3,053 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Pioneer High Income Fund in the second quarter worth $175,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Pioneer High Income Fund during the second quarter valued at $1,039,000.

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.