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

Shares of Pioneer Diversified High Income Fund, Inc. (NYSEAMERICAN:HNW) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.75 and traded as high as $12.82. Pioneer Diversified High Income Fund shares last traded at $12.81, with a volume of 51,830 shares.

Pioneer Diversified High Income Fund Price Performance

The business has a fifty day moving average of $12.75 and a 200-day moving average of $12.31.

Hedge Funds Weigh In On Pioneer Diversified High Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HNW. Clear Creek Financial Management LLC boosted its stake in Pioneer Diversified High Income Fund by 7.7% during the 1st quarter. Clear Creek Financial Management LLC now owns 24,508 shares of the company’s stock valued at $293,000 after purchasing an additional 1,750 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in Pioneer Diversified High Income Fund during the 1st quarter valued at $121,000. Cetera Investment Advisers boosted its stake in Pioneer Diversified High Income Fund by 15.6% during the 1st quarter. Cetera Investment Advisers now owns 58,108 shares of the company’s stock valued at $694,000 after purchasing an additional 7,848 shares in the last quarter. Shaker Financial Services LLC boosted its stake in Pioneer Diversified High Income Fund by 20.3% during the 1st quarter. Shaker Financial Services LLC now owns 72,607 shares of the company’s stock valued at $867,000 after purchasing an additional 12,243 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Pioneer Diversified High Income Fund by 54.6% during the 1st quarter. Invesco Ltd. now owns 63,324 shares of the company’s stock valued at $756,000 after purchasing an additional 22,353 shares in the last quarter.

Pioneer Diversified High Income Fund Company Profile

Pioneer Diversified High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets across the globe. The fund seeks to invest in higher yielding asset classes, including high yield bonds, leveraged bank loans, and event-linked bonds .It employs a combination of fundamental and quantitative analysis to create its portfolio.