HighTower Advisors LLC Sells 4,762 Shares of Pioneer Floating Rate Fund, Inc. (NYSE:PHD)

HighTower Advisors LLC cut its holdings in Pioneer Floating Rate Fund, Inc. (NYSE:PHD) by 27.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,653 shares of the investment management company’s stock after selling 4,762 shares during the period. HighTower Advisors LLC’s holdings in Pioneer Floating Rate Fund were worth $126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PHD. Kovack Advisors Inc. bought a new stake in shares of Pioneer Floating Rate Fund during the third quarter valued at about $99,000. Rothschild Investment LLC purchased a new position in Pioneer Floating Rate Fund during the second quarter valued at approximately $240,000. Fiera Capital Corp bought a new stake in Pioneer Floating Rate Fund during the 3rd quarter worth approximately $508,000. Clear Creek Financial Management LLC lifted its stake in Pioneer Floating Rate Fund by 10.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 137,527 shares of the investment management company’s stock worth $1,362,000 after purchasing an additional 13,424 shares in the last quarter. Finally, Lake Street Private Wealth LLC boosted its holdings in Pioneer Floating Rate Fund by 5.7% in the 3rd quarter. Lake Street Private Wealth LLC now owns 703,350 shares of the investment management company’s stock valued at $6,963,000 after purchasing an additional 37,750 shares during the period.

Pioneer Floating Rate Fund Stock Performance

PHD opened at $9.75 on Friday. Pioneer Floating Rate Fund, Inc. has a one year low of $8.92 and a one year high of $10.05. The company has a fifty day moving average price of $9.81 and a 200-day moving average price of $9.84.

Pioneer Floating Rate Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th were paid a $0.085 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.02 dividend on an annualized basis and a yield of 10.46%.

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.