Advisor Group Inc. reduced its stake in shares of Pioneer High Income Trust (NYSE:PHT) by 27.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,888 shares of the closed-end fund’s stock after selling 9,432 shares during the quarter. Advisor Group Inc. owned about 0.09% of Pioneer High Income Trust worth $250,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sit Investment Associates Inc. acquired a new stake in Pioneer High Income Trust during the 3rd quarter worth $151,000. Lincoln National Corp raised its stake in Pioneer High Income Trust by 7.3% during the 2nd quarter. Lincoln National Corp now owns 15,552 shares of the closed-end fund’s stock worth $154,000 after acquiring an additional 1,064 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Pioneer High Income Trust by 2.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 18,326 shares of the closed-end fund’s stock worth $181,000 after acquiring an additional 500 shares in the last quarter. IFC Holdings Incorporated FL raised its stake in Pioneer High Income Trust by 60.3% during the 2nd quarter. IFC Holdings Incorporated FL now owns 22,597 shares of the closed-end fund’s stock worth $224,000 after acquiring an additional 8,497 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Pioneer High Income Trust by 10.2% during the 2nd quarter. Royal Bank of Canada now owns 31,845 shares of the closed-end fund’s stock worth $315,000 after acquiring an additional 2,955 shares in the last quarter.

Shares of Pioneer High Income Trust (PHT) traded up $0.03 during trading hours on Wednesday, reaching $9.76. 101,400 shares of the company traded hands, compared to its average volume of 117,347. Pioneer High Income Trust has a 12-month low of $9.47 and a 12-month high of $10.54.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.78 annualized dividend and a yield of 7.99%.

COPYRIGHT VIOLATION WARNING: This story was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.watchlistnews.com/pioneer-high-income-trust-pht-shares-sold-by-advisor-group-inc/1733203.html.

Pioneer High Income Trust Profile

Pioneer High Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to seek a high level of current income and to seek capital appreciation. The Trust seeks to invest in corporate bonds and notes, senior secured floating rate loan interests, convertible bonds and notes, preferred stocks, common stocks, sovereign debt obligations, collateralized mortgage obligations, asset-backed securities and convertible preferred stocks, among others.

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

Receive News & Ratings for Pioneer High Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer High Income Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.