Pioneer Diversified High Income Fund (NYSEAMERICAN:HNW) Shares Cross Below 200 Day Moving Average – Should You Sell?

Pioneer Diversified High Income Fund, Inc. (NYSEAMERICAN:HNW) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.75 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 Performance

The business’s 50 day moving average is $12.80 and its 200 day moving average is $12.75.

Institutional Investors Weigh In On Pioneer Diversified High Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC purchased a new position in Pioneer Diversified High Income Fund in the second quarter valued at approximately $79,000. Clear Creek Financial Management LLC raised its stake in Pioneer Diversified High Income Fund by 12.2% during the 2nd quarter. Clear Creek Financial Management LLC now owns 27,498 shares of the company’s stock worth $344,000 after acquiring an additional 2,990 shares in the last quarter. Osaic Holdings Inc. lifted its position in Pioneer Diversified High Income Fund by 36.9% in the second quarter. Osaic Holdings Inc. now owns 38,660 shares of the company’s stock valued at $483,000 after acquiring an additional 10,425 shares during the last quarter. Cetera Investment Advisers boosted its stake in Pioneer Diversified High Income Fund by 34.0% in 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 in the last quarter. Finally, Invesco Ltd. boosted its stake in Pioneer Diversified High Income Fund by 42.4% in the second quarter. Invesco Ltd. now owns 90,154 shares of the company’s stock valued at $1,127,000 after acquiring an additional 26,830 shares in the last quarter.

About Pioneer Diversified High Income Fund

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.