Pioneer Diversified High Income Fund (NYSEAMERICAN:HNW) Stock Crosses Above 50-Day Moving Average – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of Pioneer Diversified High Income Fund, Inc. (NYSEAMERICAN:HNW – Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.80 and traded as high as $12.82. Pioneer Diversified High Income Fund shares last traded at $12.8050, with a volume of 51,830 shares traded.
Pioneer Diversified High Income Fund Trading Up 0.0%
The company’s fifty day simple moving average is $12.80 and its 200 day simple moving average is $12.71.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of HNW. Ameriprise Financial Inc. boosted its position in shares of Pioneer Diversified High Income Fund by 27.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 203,555 shares of the company’s stock worth $2,545,000 after acquiring an additional 43,357 shares in the last quarter. Invesco Ltd. increased its position in Pioneer Diversified High Income Fund by 42.4% during the second quarter. Invesco Ltd. now owns 90,154 shares of the company’s stock worth $1,127,000 after buying an additional 26,830 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Pioneer Diversified High Income Fund by 34.0% during the 2nd quarter. Cetera Investment Advisers now owns 77,854 shares of the company’s stock valued at $974,000 after acquiring an additional 19,746 shares during the last quarter. Absolute Investment Advisers LLC acquired a new stake in Pioneer Diversified High Income Fund during the 2nd quarter worth approximately $230,000. Finally, Osaic Holdings Inc. grew its holdings in Pioneer Diversified High Income Fund by 36.9% during the 2nd quarter. Osaic Holdings Inc. now owns 38,660 shares of the company’s stock valued at $483,000 after purchasing an additional 10,425 shares in the last quarter.
About Pioneer Diversified High Income Fund
The Pioneer Diversified High Income Fund is a closed-end management investment company that seeks to provide total return through a combination of high current income and capital appreciation. The fund pursues this objective by investing primarily in a diversified portfolio of fixed-income and equity securities. Its focus is on high-yield corporate debt, bank loans, convertibles, preferred stocks and emerging-market debt instruments.
Under normal market conditions, the fund allocates assets across a range of credit sectors and maturities, blending investment-grade obligations with higher-yielding and non-investment-grade issues.