Pioneer Diversified High Income Fund (NYSEAMERICAN:HNW) Stock Passes Above 50 Day Moving Average – What’s Next?

Pioneer Diversified High Income Fund, Inc. (NYSEAMERICAN:HNW) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.00 and traded as high as $12.43. Pioneer Diversified High Income Fund shares last traded at $12.34, with a volume of 18,098 shares trading hands.

Pioneer Diversified High Income Fund Trading Down 0.4 %

Pioneer Diversified High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a $0.0975 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.17 dividend on an annualized basis and a yield of 9.48%.

Institutional Investors Weigh In On Pioneer Diversified High Income Fund

Several hedge funds have recently added to or reduced their stakes in HNW. Choreo LLC bought a new position in Pioneer Diversified High Income Fund during the first quarter valued at approximately $387,000. Clear Creek Financial Management LLC boosted its stake in shares of Pioneer Diversified High Income Fund by 14.8% in the 2nd quarter. Clear Creek Financial Management LLC now owns 19,270 shares of the company’s stock valued at $225,000 after purchasing an additional 2,480 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Pioneer Diversified High Income Fund by 13.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 162,106 shares of the company’s stock valued at $1,893,000 after purchasing an additional 19,797 shares during the last quarter. Finally, Shaker Financial Services LLC raised its position in Pioneer Diversified High Income Fund by 55.1% in the 3rd quarter. Shaker Financial Services LLC now owns 106,990 shares of the company’s stock worth $1,316,000 after purchasing an additional 38,028 shares during the period.

Pioneer Diversified High Income Fund Company Profile

Pioneer Diversified High Income Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets across the globe. The fund seeks to invest in higher yielding asset classes, including high yield bonds, leveraged bank loans, and event-linked bonds .It employs a combination of fundamental and quantitative analysis to create its portfolio.