Pioneer High Income Fund (NYSE:PHT) Shares Cross Above 50-Day Moving Average of $7.41

Shares of Pioneer High Income Fund, Inc. (NYSE:PHT) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.41 and traded as high as $7.63. Pioneer High Income Fund shares last traded at $7.59, with a volume of 84,542 shares.

Pioneer High Income Fund Trading Up 0.3 %

The company’s fifty day simple moving average is $7.41 and its two-hundred day simple moving average is $7.13.

Pioneer High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend is Thursday, March 14th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Park Avenue Securities LLC lifted its position in shares of Pioneer High Income Fund by 1.7% in the 3rd quarter. Park Avenue Securities LLC now owns 132,574 shares of the closed-end fund’s stock worth $890,000 after buying an additional 2,254 shares during the last quarter. International Assets Investment Management LLC lifted its position in Pioneer High Income Fund by 12.3% in the 4th quarter. International Assets Investment Management LLC now owns 21,515 shares of the closed-end fund’s stock valued at $154,000 after purchasing an additional 2,350 shares during the last quarter. LPL Financial LLC lifted its position in Pioneer High Income Fund by 2.9% in the 2nd quarter. LPL Financial LLC now owns 94,279 shares of the closed-end fund’s stock valued at $666,000 after purchasing an additional 2,674 shares during the last quarter. Cetera Investment Advisers lifted its position in Pioneer High Income Fund by 18.2% in the 4th quarter. Cetera Investment Advisers now owns 22,158 shares of the closed-end fund’s stock valued at $144,000 after purchasing an additional 3,413 shares during the last quarter. Finally, Raymond James & Associates lifted its position in Pioneer High Income Fund by 29.8% in the 3rd quarter. Raymond James & Associates now owns 15,214 shares of the closed-end fund’s stock valued at $102,000 after purchasing an additional 3,492 shares during the last quarter.

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.