Pioneer Diversified High Income Fund (NYSEAMERICAN:HNW) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Pioneer Diversified High Income Fund, Inc. (NYSEAMERICAN:HNW) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.79 and traded as low as $12.75. Pioneer Diversified High Income Fund shares last traded at $12.8050, with a volume of 51,830 shares changing hands.

Pioneer Diversified High Income Fund Stock Performance

The stock’s 50 day moving average is $12.80 and its 200-day moving average is $12.79.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC purchased a new position in Pioneer Diversified High Income Fund in the second quarter worth about $79,000. Osaic Holdings Inc. lifted its stake in Pioneer Diversified High Income Fund by 36.9% in the second quarter. Osaic Holdings Inc. now owns 38,660 shares of the company’s stock worth $483,000 after purchasing an additional 10,425 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Pioneer Diversified High Income Fund by 34.0% during the second quarter. Cetera Investment Advisers now owns 77,854 shares of the company’s stock valued at $974,000 after buying an additional 19,746 shares during the period. Invesco Ltd. grew its stake in shares of Pioneer Diversified High Income Fund by 42.4% during the second quarter. Invesco Ltd. now owns 90,154 shares of the company’s stock valued at $1,127,000 after buying an additional 26,830 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Pioneer Diversified High Income Fund by 27.1% in the second quarter. Ameriprise Financial Inc. now owns 203,555 shares of the company’s stock worth $2,545,000 after buying an additional 43,357 shares during the period.

About Pioneer Diversified High Income Fund

The Pioneer Diversified High Income Fund is a closed-end management investment company that seeks to provide total return through a combination of high current income and capital appreciation. The fund pursues this objective by investing primarily in a diversified portfolio of fixed-income and equity securities. Its focus is on high-yield corporate debt, bank loans, convertibles, preferred stocks and emerging-market debt instruments.

Under normal market conditions, the fund allocates assets across a range of credit sectors and maturities, blending investment-grade obligations with higher-yielding and non-investment-grade issues.