Shaker Financial Services LLC Sells 11,117 Shares of Pioneer High Income Fund, Inc. (NYSE:PHT)

Shaker Financial Services LLC lowered its position in Pioneer High Income Fund, Inc. (NYSE:PHT) by 7.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 143,928 shares of the closed-end fund’s stock after selling 11,117 shares during the period. Shaker Financial Services LLC’s holdings in Pioneer High Income Fund were worth $1,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in shares of Pioneer High Income Fund during the 3rd quarter worth $8,177,000. Advisors Asset Management Inc. raised its holdings in Pioneer High Income Fund by 7.2% during the first quarter. Advisors Asset Management Inc. now owns 326,613 shares of the closed-end fund’s stock valued at $2,502,000 after buying an additional 21,957 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in Pioneer High Income Fund by 1.1% during the third quarter. Capital Investment Advisors LLC now owns 171,171 shares of the closed-end fund’s stock valued at $1,369,000 after buying an additional 1,795 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Pioneer High Income Fund in the second quarter worth about $1,039,000. Finally, Atomi Financial Group Inc. boosted its stake 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 worth $267,000 after acquiring an additional 5,545 shares in the last quarter.

Pioneer High Income Fund Price Performance

Shares of PHT stock opened at $7.79 on Thursday. The stock’s 50 day simple moving average is $7.89 and its 200 day simple moving average is $7.66. Pioneer High Income Fund, Inc. has a twelve month low of $6.81 and a twelve month high of $8.04.

Pioneer High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.055 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.66 dividend on an annualized basis and a yield of 8.47%.

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.