Pioneer Floating Rate Fund (NYSE:PHD) Stock Price Passes Above Two Hundred Day Moving Average of $9.76

Pioneer Floating Rate Fund, Inc. (NYSE:PHD)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.76 and traded as high as $9.90. Pioneer Floating Rate Fund shares last traded at $9.89, with a volume of 19,351 shares changing hands.

Pioneer Floating Rate Fund Stock Performance

The company has a 50-day moving average of $9.85 and a two-hundred day moving average of $9.76.

Pioneer Floating Rate Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.0925 per share. The ex-dividend date is Friday, September 20th. This represents a $1.11 annualized dividend and a dividend yield of 11.22%.

Hedge Funds Weigh In On Pioneer Floating Rate Fund

A number of large investors have recently bought and sold shares of PHD. Nomura Holdings Inc. purchased a new position in shares of Pioneer Floating Rate Fund in the 4th quarter worth $110,000. Avantax Advisory Services Inc. purchased a new position in shares of Pioneer Floating Rate Fund in the 1st quarter worth about $101,000. Clear Creek Financial Management LLC raised its holdings in shares of Pioneer Floating Rate Fund by 7.4% in the 2nd quarter. Clear Creek Financial Management LLC now owns 124,103 shares of the investment management company’s stock worth $1,199,000 after purchasing an additional 8,588 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Pioneer Floating Rate Fund by 72.8% in the 1st quarter. Advisors Asset Management Inc. now owns 224,884 shares of the investment management company’s stock valued at $2,177,000 after purchasing an additional 94,750 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of Pioneer Floating Rate Fund during the 2nd quarter worth about $240,000.

Pioneer Floating Rate Fund Company Profile

Pioneer Floating Rate Fund, Inc is closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the Barclays U.S.