Pioneer High Income Fund, Inc. (NYSE:PHT) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in Pioneer High Income Fund, Inc. (NYSE:PHT – Get Rating) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,395 shares of the closed-end fund’s stock after acquiring an additional 2,093 shares during the period. Envestnet Asset Management Inc.’s holdings in Pioneer High Income Fund were worth $991,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC acquired a new stake in Pioneer High Income Fund in the 4th quarter valued at about $73,000. Nomura Holdings Inc. acquired a new stake in shares of Pioneer High Income Fund during the 2nd quarter worth about $86,000. Doyle Wealth Management acquired a new stake in shares of Pioneer High Income Fund during the 1st quarter worth about $89,000. International Assets Investment Management LLC acquired a new stake in shares of Pioneer High Income Fund during the 2nd quarter worth about $101,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of Pioneer High Income Fund during the 1st quarter worth about $175,000.

Pioneer High Income Fund Stock Down 0.3 %

Pioneer High Income Fund stock opened at $6.57 on Friday. Pioneer High Income Fund, Inc. has a 12-month low of $6.23 and a 12-month high of $7.60. The firm’s 50-day moving average is $6.65 and its two-hundred day moving average is $6.76.

Pioneer High Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $0.66 annualized dividend and a dividend yield of 10.05%.

Pioneer High Income Fund Profile

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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.