CoreCap Advisors LLC Sells 1,875 Shares of Pioneer High Income Fund, Inc. (NYSE:PHT)

CoreCap Advisors LLC decreased its position in shares of Pioneer High Income Fund, Inc. (NYSE:PHT) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,098 shares of the closed-end fund’s stock after selling 1,875 shares during the period. CoreCap Advisors LLC’s holdings in Pioneer High Income Fund were worth $86,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PHT. Park Avenue Securities LLC raised its position in shares of Pioneer High Income Fund by 5.9% during the fourth quarter. Park Avenue Securities LLC now owns 128,071 shares of the closed-end fund’s stock valued at $993,000 after buying an additional 7,183 shares during the last quarter. Uncommon Cents Investing LLC raised its position in shares of Pioneer High Income Fund by 39.5% during the fourth quarter. Uncommon Cents Investing LLC now owns 23,850 shares of the closed-end fund’s stock valued at $185,000 after buying an additional 6,750 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of Pioneer High Income Fund by 10.3% during the fourth quarter. Atomi Financial Group Inc. now owns 38,806 shares of the closed-end fund’s stock valued at $301,000 after buying an additional 3,608 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Pioneer High Income Fund during the fourth quarter valued at approximately $110,000. Finally, Truist Financial Corp bought a new stake in shares of Pioneer High Income Fund during the fourth quarter valued at approximately $151,000.

Pioneer High Income Fund Trading Up 0.5%

Pioneer High Income Fund stock opened at $7.95 on Wednesday. Pioneer High Income Fund, Inc. has a 1 year low of $6.62 and a 1 year high of $8.04. The firm’s 50 day moving average price is $7.54 and its 200-day moving average price is $7.74.

Pioneer High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a dividend yield of 8.30%. The ex-dividend date of this dividend is Friday, May 16th.

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.