Shaker Financial Services LLC Buys 46,026 Shares of Pioneer High Income Fund, Inc. (NYSE:PHT)

Shaker Financial Services LLC raised its stake in Pioneer High Income Fund, Inc. (NYSE:PHT) by 32.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sit Investment Associates Inc. increased its stake in shares of Pioneer High Income Fund by 44.3% in the fourth quarter. Sit Investment Associates Inc. now owns 973,294 shares of the closed-end fund’s stock worth $7,543,000 after buying an additional 298,701 shares during the period. Wells Fargo & Company MN grew its holdings in 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 during the last quarter. Guggenheim Capital LLC increased its position in shares of Pioneer High Income Fund by 10.0% in the fourth 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 position in shares of Pioneer High Income Fund during the fourth quarter valued at about $290,000. Finally, Truist Financial Corp purchased a new stake in shares of Pioneer High Income Fund during the fourth quarter worth about $151,000.

Pioneer High Income Fund Stock Performance

Shares of NYSE:PHT opened at $7.32 on Monday. The stock’s 50-day moving average is $7.64 and its 200 day moving average is $7.77. Pioneer High Income Fund, Inc. has a 1 year low of $6.62 and a 1 year high of $8.04.

Pioneer High Income Fund Dividend Announcement

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

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.