NewEdge Advisors LLC Sells 2,687 Shares of Pioneer High Income Fund, Inc. (NYSE:PHT)

NewEdge Advisors LLC cut its holdings in shares of Pioneer High Income Fund, Inc. (NYSE:PHT) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,744 shares of the closed-end fund’s stock after selling 2,687 shares during the quarter. NewEdge Advisors LLC’s holdings in Pioneer High Income Fund were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Atomi Financial Group Inc. increased its stake in shares of Pioneer High Income Fund by 10.3% during the 4th quarter. Atomi Financial Group Inc. now owns 38,806 shares of the closed-end fund’s stock worth $301,000 after purchasing an additional 3,608 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Pioneer High Income Fund by 5.9% during the 4th quarter. Park Avenue Securities LLC now owns 128,071 shares of the closed-end fund’s stock worth $993,000 after purchasing an additional 7,183 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Pioneer High Income Fund during the 4th quarter worth about $290,000. Apollon Wealth Management LLC acquired a new position in shares of Pioneer High Income Fund during the 4th quarter worth about $110,000. Finally, Invesco Ltd. increased its stake in shares of Pioneer High Income Fund by 0.5% during the 4th quarter. Invesco Ltd. now owns 579,219 shares of the closed-end fund’s stock worth $4,489,000 after purchasing an additional 3,007 shares during the last quarter.

Pioneer High Income Fund Trading Down 0.3 %

Shares of PHT opened at $7.54 on Tuesday. Pioneer High Income Fund, Inc. has a 52 week low of $6.62 and a 52 week high of $8.04. The firm’s 50-day simple moving average is $7.58 and its 200 day simple moving average is $7.75.

Pioneer High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a $0.055 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.66 dividend on an annualized basis and a yield of 8.75%.

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.