Pioneer Diversified High Income Fund (NYSEAMERICAN:HNW) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Pioneer Diversified High Income Fund, Inc. (NYSEAMERICAN:HNW)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.80 and traded as low as $12.75. Pioneer Diversified High Income Fund shares last traded at $12.8050, with a volume of 51,830 shares changing hands.

Pioneer Diversified High Income Fund Stock Up 0.0%

The business has a 50 day simple moving average of $12.80 and a 200-day simple moving average of $12.74.

Hedge Funds Weigh In On Pioneer Diversified High Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of HNW. Clear Creek Financial Management LLC boosted its holdings in shares of Pioneer Diversified High Income Fund by 12.2% in the 2nd quarter. Clear Creek Financial Management LLC now owns 27,498 shares of the company’s stock valued at $344,000 after purchasing an additional 2,990 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Pioneer Diversified High Income Fund during the second quarter valued at about $79,000. Cetera Investment Advisers grew its position in Pioneer Diversified High Income Fund by 34.0% during the second quarter. Cetera Investment Advisers now owns 77,854 shares of the company’s stock valued at $974,000 after acquiring an additional 19,746 shares during the period. Invesco Ltd. increased its stake in Pioneer Diversified High Income Fund by 42.4% during the second quarter. Invesco Ltd. now owns 90,154 shares of the company’s stock worth $1,127,000 after acquiring an additional 26,830 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Pioneer Diversified High Income Fund by 27.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 203,555 shares of the company’s stock valued at $2,545,000 after purchasing an additional 43,357 shares in the last quarter.

Pioneer Diversified High Income Fund Company Profile

The Pioneer Diversified High Income Fund is a closed-end management investment company that seeks to provide total return through a combination of high current income and capital appreciation. The fund pursues this objective by investing primarily in a diversified portfolio of fixed-income and equity securities. Its focus is on high-yield corporate debt, bank loans, convertibles, preferred stocks and emerging-market debt instruments.

Under normal market conditions, the fund allocates assets across a range of credit sectors and maturities, blending investment-grade obligations with higher-yielding and non-investment-grade issues.