Pioneer High Income Trust (NYSE:PHT) Shares Sold by Shaker Financial Services LLC

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Shaker Financial Services LLC cut its position in shares of Pioneer High Income Trust (NYSE:PHT) by 86.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 26,736 shares of the closed-end fund’s stock after selling 167,254 shares during the quarter. Shaker Financial Services LLC’s holdings in Pioneer High Income Trust were worth $213,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Morgan Stanley grew its stake in shares of Pioneer High Income Trust by 11.1% during the first quarter. Morgan Stanley now owns 31,477 shares of the closed-end fund’s stock valued at $202,000 after purchasing an additional 3,143 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Pioneer High Income Trust in the first quarter valued at about $259,000. Royal Bank of Canada raised its holdings in shares of Pioneer High Income Trust by 6.6% in the first quarter. Royal Bank of Canada now owns 26,470 shares of the closed-end fund’s stock valued at $170,000 after acquiring an additional 1,640 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Pioneer High Income Trust by 28.0% in the second quarter. Envestnet Asset Management Inc. now owns 77,782 shares of the closed-end fund’s stock valued at $579,000 after acquiring an additional 17,010 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Pioneer High Income Trust by 27.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 50,994 shares of the closed-end fund’s stock valued at $379,000 after acquiring an additional 10,947 shares in the last quarter.

Shares of PHT stock traded down $0.02 on Tuesday, hitting $8.46. The stock had a trading volume of 1,130 shares, compared to its average volume of 126,855. The business has a 50 day moving average price of $8.09 and a 200 day moving average price of $7.74. Pioneer High Income Trust has a one year low of $5.04 and a one year high of $10.03.

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Tuesday, November 17th will be paid a $0.072 dividend. This represents a $0.86 annualized dividend and a yield of 10.21%. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Pioneer High Income Trust’s previous monthly dividend of $0.07.

About Pioneer High Income Trust

Pioneer High Income Trust 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. It seeks to invest in bonds that are rated BBB- or lower by Standard and Poor's or a similar national rating service.

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Institutional Ownership by Quarter for Pioneer High Income Trust (NYSE:PHT)

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