Robinson Capital Management LLC decreased its stake in Pioneer High Income Trust (NYSE:PHT) by 45.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,275 shares of the closed-end fund’s stock after selling 165,122 shares during the quarter. Robinson Capital Management LLC’s holdings in Pioneer High Income Trust were worth $1,564,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in PHT. Stephens Inc. AR purchased a new stake in Pioneer High Income Trust in the 2nd quarter worth approximately $166,000. Envestnet Asset Management Inc. purchased a new stake in Pioneer High Income Trust in the 3rd quarter worth approximately $204,000. BlackRock Inc. purchased a new stake in Pioneer High Income Trust in the 2nd quarter worth approximately $1,130,000. Wells Fargo & Company MN raised its holdings in shares of Pioneer High Income Trust by 5.6% during the 3rd quarter. Wells Fargo & Company MN now owns 462,020 shares of the closed-end fund’s stock valued at $4,278,000 after purchasing an additional 24,465 shares in the last quarter. Finally, Cohen & Steers Inc. raised its holdings in shares of Pioneer High Income Trust by 1.3% during the 3rd quarter. Cohen & Steers Inc. now owns 463,048 shares of the closed-end fund’s stock valued at $4,288,000 after purchasing an additional 5,803 shares in the last quarter.
Pioneer High Income Trust stock opened at $8.42 on Thursday. Pioneer High Income Trust has a 1-year low of $7.76 and a 1-year high of $9.85.
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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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