Raymond James Financial Services Advisors Inc. Lowers Holdings in Pioneer High Income Fund, Inc. (NYSE:PHT)

Raymond James Financial Services Advisors Inc. decreased its stake in shares of Pioneer High Income Fund, Inc. (NYSE:PHT) by 15.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,365 shares of the closed-end fund’s stock after selling 4,910 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Pioneer High Income Fund were worth $196,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Park Avenue Securities LLC raised its stake in Pioneer High Income Fund by 1.7% during the third quarter. Park Avenue Securities LLC now owns 132,574 shares of the closed-end fund’s stock valued at $890,000 after buying an additional 2,254 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Pioneer High Income Fund by 29.8% in the 3rd quarter. Raymond James & Associates now owns 15,214 shares of the closed-end fund’s stock worth $102,000 after purchasing an additional 3,492 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of Pioneer High Income Fund in the 4th quarter worth $75,000. UBS Group AG increased its holdings in shares of Pioneer High Income Fund by 4.6% in the 3rd quarter. UBS Group AG now owns 827,739 shares of the closed-end fund’s stock worth $5,554,000 after purchasing an additional 36,526 shares in the last quarter. Finally, AQR Arbitrage LLC increased its holdings in shares of Pioneer High Income Fund by 33.1% in the 3rd quarter. AQR Arbitrage LLC now owns 248,442 shares of the closed-end fund’s stock worth $1,667,000 after purchasing an additional 61,756 shares in the last quarter.

Pioneer High Income Fund Price Performance

Pioneer High Income Fund stock opened at $7.34 on Thursday. The stock has a fifty day simple moving average of $7.47 and a two-hundred day simple moving average of $7.22. Pioneer High Income Fund, Inc. has a 12 month low of $6.41 and a 12 month high of $7.72.

Pioneer High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be issued a $0.055 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date of this dividend is Thursday, April 18th.

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.