RMB Capital Management LLC acquired a new stake in shares of Pioneer High Income Trust (NYSE:PHT) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 192,115 shares of the closed-end fund’s stock, valued at approximately $1,531,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PHT. Sit Investment Associates Inc. boosted its position in Pioneer High Income Trust by 243.0% during the fourth quarter. Sit Investment Associates Inc. now owns 91,752 shares of the closed-end fund’s stock valued at $731,000 after purchasing an additional 65,000 shares during the last quarter. BlackRock Inc. boosted its position in Pioneer High Income Trust by 27.0% during the fourth quarter. BlackRock Inc. now owns 154,389 shares of the closed-end fund’s stock valued at $1,230,000 after purchasing an additional 32,789 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Pioneer High Income Trust by 5.6% in the third quarter. Wells Fargo & Company MN now owns 462,020 shares of the closed-end fund’s stock worth $4,278,000 after buying an additional 24,465 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Pioneer High Income Trust in the third quarter worth about $204,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Pioneer High Income Trust in the fourth quarter worth about $148,000.

Shares of NYSE:PHT opened at $8.90 on Friday. Pioneer High Income Trust has a fifty-two week low of $7.76 and a fifty-two week high of $9.64.

The business also recently declared a monthly dividend, which will be paid on Friday, March 29th. Shareholders of record on Tuesday, March 19th will be given a $0.0675 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 9.10%.

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About Pioneer High Income Trust

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

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