BlackRock Inc. Acquires Shares of 121,600 Pioneer High Income Trust (NYSE:PHT)
BlackRock Inc. acquired a new stake in Pioneer High Income Trust (NYSE:PHT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 121,600 shares of the closed-end fund’s stock, valued at approximately $1,130,000. BlackRock Inc. owned 0.42% of Pioneer High Income Trust as of its most recent SEC filing.
Separately, LPL Financial LLC acquired a new stake in Pioneer High Income Trust in the first quarter valued at about $279,000.
Shares of PHT stock traded down $0.01 during midday trading on Friday, reaching $8.34. 69,428 shares of the company traded hands, compared to its average volume of 98,714. Pioneer High Income Trust has a 1-year low of $8.32 and a 1-year high of $9.89.
Pioneer High Income Trust 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.
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