Pioneer Floating Rate Fund (NYSE:PHD) Stock Crosses Above 200 Day Moving Average of $9.56

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.56 and traded as high as $9.83. Pioneer Floating Rate Fund shares last traded at $9.78, with a volume of 8,244 shares trading hands.

Pioneer Floating Rate Fund Stock Performance

The company’s 50 day moving average is $9.71 and its two-hundred day moving average is $9.56.

Pioneer Floating Rate Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be paid a dividend of $0.0925 per share. The ex-dividend date is Tuesday, June 18th. This represents a $1.11 annualized dividend and a yield of 11.36%.

Hedge Funds Weigh In On Pioneer Floating Rate Fund

Several institutional investors have recently bought and sold shares of the stock. Lake Street Private Wealth LLC grew its stake in Pioneer Floating Rate Fund by 10.4% during the first quarter. Lake Street Private Wealth LLC now owns 598,250 shares of the investment management company’s stock valued at $5,791,000 after acquiring an additional 56,350 shares in the last quarter. Clough Capital Partners L P grew its stake in Pioneer Floating Rate Fund by 24.8% in the 3rd quarter. Clough Capital Partners L P now owns 243,016 shares of the investment management company’s stock worth $2,190,000 after acquiring an additional 48,300 shares in the last quarter. 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 purchasing an additional 94,750 shares during the period. Clear Creek Financial Management LLC lifted its position in Pioneer Floating Rate Fund by 1.1% during the fourth quarter. Clear Creek Financial Management LLC now owns 118,871 shares of the investment management company’s stock valued at $1,090,000 after acquiring an additional 1,267 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its position in Pioneer Floating Rate Fund by 9.7% during the fourth quarter. Shaker Financial Services LLC now owns 93,683 shares of the investment management company’s stock valued at $868,000 after acquiring an additional 8,250 shares during the last quarter.

About Pioneer Floating Rate Fund

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.