Pioneer High Income Fund, Inc. (NYSE:PHT) Shares Purchased by Sit Investment Associates Inc.

Sit Investment Associates Inc. boosted its holdings in shares of Pioneer High Income Fund, Inc. (NYSE:PHT) by 44.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 973,294 shares of the closed-end fund’s stock after buying an additional 298,701 shares during the quarter. Sit Investment Associates Inc.’s holdings in Pioneer High Income Fund were worth $7,543,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Atomi Financial Group Inc. lifted its holdings in Pioneer High Income Fund by 10.3% in the fourth quarter. Atomi Financial Group Inc. now owns 38,806 shares of the closed-end fund’s stock valued at $301,000 after acquiring an additional 3,608 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Pioneer High Income Fund by 5.9% in the fourth quarter. Park Avenue Securities LLC now owns 128,071 shares of the closed-end fund’s stock worth $993,000 after acquiring an additional 7,183 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Pioneer High Income Fund by 14.6% during the third quarter. Rockefeller Capital Management L.P. now owns 94,470 shares of the closed-end fund’s stock worth $756,000 after buying an additional 12,000 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in Pioneer High Income Fund during the 4th quarter valued at about $110,000. Finally, Uncommon Cents Investing LLC grew 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 in the last quarter.

Pioneer High Income Fund Stock Down 5.6 %

Shares of PHT opened at $7.20 on Friday. Pioneer High Income Fund, Inc. has a 52-week low of $7.09 and a 52-week high of $8.04. The stock has a fifty day simple moving average of $7.80 and a two-hundred day simple moving average of $7.83.

Pioneer High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.055 per share. The ex-dividend date was Friday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 9.17%.

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.