Pioneer High Income Trust (PHT) Position Trimmed by Shaker Financial Services LLC

Shaker Financial Services LLC reduced its position in Pioneer High Income Trust (NYSE:PHT) by 54.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,447 shares of the closed-end fund’s stock after selling 24,590 shares during the quarter. Shaker Financial Services LLC’s holdings in Pioneer High Income Trust were worth $183,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning purchased a new stake in Pioneer High Income Trust in the 1st quarter worth about $109,000. Janney Montgomery Scott LLC purchased a new position in shares of Pioneer High Income Trust during the fourth quarter worth approximately $148,000. FNY Investment Advisers LLC purchased a new position in shares of Pioneer High Income Trust during the first quarter worth approximately $198,000. Park Avenue Securities LLC increased its position in shares of Pioneer High Income Trust by 12.6% during the first quarter. Park Avenue Securities LLC now owns 26,881 shares of the closed-end fund’s stock worth $243,000 after acquiring an additional 3,008 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Pioneer High Income Trust by 3.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 39,268 shares of the closed-end fund’s stock worth $313,000 after acquiring an additional 1,441 shares during the period.

Shares of NYSE:PHT opened at $9.15 on Friday. Pioneer High Income Trust has a one year low of $7.76 and a one year high of $9.54.

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be given a dividend of $0.0675 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date of this dividend is Wednesday, May 15th.

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Pioneer High Income Trust Company Profile

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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