Sit Investment Associates Inc. Grows Stock Position in Pioneer High Income Fund, Inc. (NYSE:PHT)

Sit Investment Associates Inc. increased its stake in Pioneer High Income Fund, Inc. (NYSE:PHT) by 44.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 973,294 shares of the closed-end fund’s stock after acquiring an additional 298,701 shares during the period. Sit Investment Associates Inc.’s holdings in Pioneer High Income Fund were worth $7,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Apollon Wealth Management LLC bought a new stake in Pioneer High Income Fund in the 4th quarter worth $110,000. Truist Financial Corp bought a new position in shares of Pioneer High Income Fund during the fourth quarter valued at approximately $151,000. Uncommon Cents Investing LLC increased its position in Pioneer High Income Fund by 39.5% during the 4th quarter. Uncommon Cents Investing LLC now owns 23,850 shares of the closed-end fund’s stock valued at $185,000 after buying an additional 6,750 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Pioneer High Income Fund in the 4th quarter worth about $290,000. Finally, Atomi Financial Group Inc. raised 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 worth $301,000 after buying an additional 3,608 shares during the last quarter.

Pioneer High Income Fund Stock Down 5.6 %

Shares of NYSE 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 firm’s 50-day moving average price is $7.80 and its 200-day moving average price is $7.83.

Pioneer High Income Fund Dividend Announcement

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

Pioneer High Income Fund 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.