Pioneer High Income Trust (PHT) Hits New 52-Week Low at $8.55
Pioneer High Income Trust (NYSE:PHT) shares reached a new 52-week low during trading on Thursday . The company traded as low as $8.55 and last traded at $8.57, with a volume of 84721 shares trading hands. The stock had previously closed at $8.67.
The company also recently announced a monthly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date is Thursday, November 15th.
A number of hedge funds have recently bought and sold shares of PHT. BlackRock Inc. bought a new position in Pioneer High Income Trust during the 2nd quarter valued at approximately $1,130,000. UBS Group AG increased its position in Pioneer High Income Trust by 84.2% during the 1st quarter. UBS Group AG now owns 229,137 shares of the closed-end fund’s stock valued at $2,152,000 after buying an additional 104,713 shares in the last quarter. LPL Financial LLC bought a new position in Pioneer High Income Trust during the 1st quarter valued at approximately $279,000. Wells Fargo & Company MN increased its position in Pioneer High Income Trust by 5.6% during the 3rd quarter. Wells Fargo & Company MN now owns 462,020 shares of the closed-end fund’s stock valued at $4,278,000 after buying an additional 24,465 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in Pioneer High Income Trust during the 3rd quarter valued at approximately $204,000.
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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