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

Shares of Pioneer High Income Fund, Inc. (NYSE:PHT) passed 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 Price Performance

The firm’s 50-day simple moving average is $7.84 and its 200 day simple moving average is $7.85.

Pioneer High Income Fund Dividend Announcement

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

Institutional Trading of Pioneer High Income Fund

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

About Pioneer High Income Fund

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.