Exclusive: Institutional Investors Are Betting On Pioneer High Income Trust (NYSE:PHT)

November 15, 2016 - By Louis Casey   ·   0 Comments

Exclusive: Institutional Investors Are Betting On Pioneer High Income Trust (NYSE:PHT)

Sentiment for Pioneer High Income Trust (NYSE:PHT)

Pioneer High Income Trust (NYSE:PHT) institutional sentiment increased to 1.21 in Q2 2016. Its up 0.27, from 0.94 in 2016Q1. The ratio is better, as 17 institutional investors started new or increased stock positions, while 14 cut down and sold their holdings in Pioneer High Income Trust. The institutional investors in our partner’s database now possess: 2.50 million shares, up from 2.34 million shares in 2016Q1. Also, the number of institutional investors holding Pioneer High Income Trust in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 10 Increased: 11 New Position: 6.

Pioneer High Income Trust is a diversified, closed-end management investment company. The company has a market cap of $272.26 million. The Trust’s investment objective is to seek a high level of current income and to seek capital appreciation. It currently has negative earnings. The Trust seeks to invest in corporate bonds and notes, senior secured floating rate loan interests, convertible bonds and notes, preferred stocks, common stocks, sovereign debt obligations, collateralized mortgage obligations, asset-backed securities and convertible preferred stocks, among others.

About 96,562 shares traded hands or 10.93% up from the average. Pioneer High Income Trust (NYSE:PHT) has declined 9.81% since April 13, 2016 and is downtrending. It has underperformed by 13.73% the S&P500.

Robinson Capital Management Llc holds 1.21% of its portfolio in Pioneer High Income Trust for 207,218 shares. Doliver Capital Advisors Inc. owns 65,054 shares or 0.56% of their US portfolio. Moreover, Windsor Capital Management Llc has 0.35% invested in the company for 59,634 shares. The California-based National Planning Corp has invested 0.16% in the stock. Clenar Muke Llc, a California-based fund reported 73,493 shares.#img1#

PHT Company Profile

Pioneer High Income Trust (the Trust), incorporated on January 31, 2002, is a diversified, closed-end management investment company. The Trust’s investment objective is to seek a high level of current income and to seek capital appreciation. The Trust seeks to invest in corporate bonds and notes, senior secured floating rate loan interests, convertible bonds and notes, preferred stocks, common stocks, sovereign debt obligations, collateralized mortgage obligations, asset-backed securities and convertible preferred stocks, among others.

More notable recent Pioneer High Income Trust (NYSE:PHT) news were published by: Seekingalpha.com which released: “I Would Avoid Pioneer High Income Trust At The Present Time” on January 23, 2015, also Seekingalpha.com with their article: “Pioneer High Income Trust’s 45% Premium Looks Ripe For Contraction In 2015” published on December 31, 2014, Marketwatch.com published: “Pioneer Municipal High Income Trust” on June 26, 2011. More interesting news about Pioneer High Income Trust (NYSE:PHT) were released by: Businesswire.com and their article: “Pioneer Investments Adds Portfolio Manager to Pioneer Diversified High Income …” published on October 06, 2015 as well as Seekingalpha.com‘s news article titled: “Pioneer Municipal High Income Looks Attractive Here (MHI)” with publication date: August 04, 2015.

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By Louis Casey


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