Pioneer Diversified High Income Fund (NYSEAMERICAN:HNW) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Pioneer Diversified High Income Fund, Inc. (NYSEAMERICAN:HNW)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.77 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 trading hands.

Pioneer Diversified High Income Fund Trading Up 0.0%

The company has a 50-day moving average price of $12.80 and a two-hundred day moving average price of $12.77.

Institutional Investors Weigh In On Pioneer Diversified High Income Fund

Several institutional investors have recently made changes to their positions in HNW. Ameriprise Financial Inc. grew its holdings in Pioneer Diversified High Income Fund by 27.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 203,555 shares of the company’s stock valued at $2,545,000 after purchasing an additional 43,357 shares during the last quarter. Invesco Ltd. boosted its position 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 period. Cetera Investment Advisers grew its stake 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 last quarter. Osaic Holdings Inc. raised its holdings in shares of 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 buying an additional 10,425 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Pioneer Diversified High Income Fund in the second quarter worth approximately $79,000.

Pioneer Diversified High Income Fund Company Profile

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.