Pioneer Floating Rate Fund (NYSE:PHD) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.80 and traded as high as $9.85. Pioneer Floating Rate Fund shares last traded at $9.83, with a volume of 43,032 shares changing hands.

Pioneer Floating Rate Fund Stock Up 0.3 %

The stock has a fifty day simple moving average of $9.88 and a 200-day simple moving average of $9.80.

Pioneer Floating Rate Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be issued a $0.0925 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 11.29%. The ex-dividend date of this dividend is Friday, October 18th.

Institutional Trading of Pioneer Floating Rate Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHD. Avantax Advisory Services Inc. bought a new stake in shares of Pioneer Floating Rate Fund in the 1st quarter worth approximately $101,000. Nomura Holdings Inc. bought a new stake in shares of Pioneer Floating Rate Fund in the 4th quarter worth approximately $110,000. Rothschild Investment LLC bought a new stake in shares of Pioneer Floating Rate Fund in the 2nd quarter worth approximately $240,000. Clear Creek Financial Management LLC lifted its position 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 acquiring an additional 8,588 shares during the period. Finally, Advisors Asset Management Inc. lifted its position 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 worth $2,177,000 after acquiring an additional 94,750 shares during the period.

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.