Bank of America Corp DE Lowers Stake in Pioneer High Income Trust (PHT)

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Bank of America Corp DE cut its stake in shares of Pioneer High Income Trust (NYSE:PHT) by 12.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,648 shares of the closed-end fund’s stock after selling 4,778 shares during the period. Bank of America Corp DE’s holdings in Pioneer High Income Trust were worth $260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. RMB Capital Management LLC purchased a new stake in shares of Pioneer High Income Trust during the 4th quarter valued at $1,531,000. BlackRock Inc. grew its stake in shares of Pioneer High Income Trust by 27.0% during the 4th quarter. BlackRock Inc. now owns 154,389 shares of the closed-end fund’s stock valued at $1,230,000 after buying an additional 32,789 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Pioneer High Income Trust by 3.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 39,268 shares of the closed-end fund’s stock valued at $313,000 after buying an additional 1,441 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Pioneer High Income Trust during the 4th quarter valued at $148,000.

Shares of NYSE PHT opened at $9.18 on Monday. Pioneer High Income Trust has a 52-week low of $7.76 and a 52-week high of $9.50.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.0675 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.81 annualized dividend and a dividend yield of 8.82%.

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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.

Further Reading: What are Institutional Investors?

Want to see what other hedge funds are holding PHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer High Income Trust (NYSE:PHT).

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

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