Shaker Financial Services LLC Grows Position in Pioneer High Income Fund, Inc. (NYSE:PHT)

Shaker Financial Services LLC lifted its position in shares of Pioneer High Income Fund, Inc. (NYSE:PHT) by 32.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,954 shares of the closed-end fund’s stock after purchasing an additional 46,026 shares during the quarter. Shaker Financial Services LLC’s holdings in Pioneer High Income Fund were worth $1,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its position in Pioneer High Income Fund by 44.3% during the fourth quarter. Sit Investment Associates Inc. now owns 973,294 shares of the closed-end fund’s stock valued at $7,543,000 after buying an additional 298,701 shares during the period. Wells Fargo & Company MN increased its stake in shares of Pioneer High Income Fund by 14.8% in the 4th quarter. Wells Fargo & Company MN now owns 435,122 shares of the closed-end fund’s stock worth $3,372,000 after acquiring an additional 56,087 shares in the last quarter. Guggenheim Capital LLC lifted its position in Pioneer High Income Fund by 10.0% during the 4th quarter. Guggenheim Capital LLC now owns 482,786 shares of the closed-end fund’s stock valued at $3,742,000 after acquiring an additional 43,716 shares during the period. Raymond James Financial Inc. bought a new stake in Pioneer High Income Fund during the fourth quarter worth about $290,000. Finally, Truist Financial Corp purchased a new stake in Pioneer High Income Fund in the fourth quarter worth about $151,000.

Pioneer High Income Fund Stock Up 0.1 %

Shares of NYSE PHT opened at $7.32 on Monday. The company has a 50 day simple moving average of $7.64 and a two-hundred day simple moving average of $7.77. Pioneer High Income Fund, Inc. has a fifty-two week low of $6.62 and a fifty-two week high of $8.04.

Pioneer High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a dividend of $0.055 per share. This represents a $0.66 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date is Thursday, April 17th.

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.