Pioneer Floating Rate Fund (NYSE:PHD) Shares Cross 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 traded.

Pioneer Floating Rate Fund Stock Up 0.2 %

The stock’s 50 day moving average price is $9.85 and its 200 day moving average price is $9.76.

Pioneer Floating Rate Fund Announces Dividend

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

Institutional Investors Weigh In On Pioneer Floating Rate Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. purchased a new stake in shares of Pioneer Floating Rate Fund during the 1st quarter valued at about $101,000. Nomura Holdings Inc. acquired a new stake in Pioneer Floating Rate Fund in the fourth quarter valued at approximately $110,000. Rothschild Investment LLC purchased a new stake in shares of Pioneer Floating Rate Fund during the second quarter valued at approximately $240,000. Clear Creek Financial Management LLC lifted its position in shares of Pioneer Floating Rate Fund by 7.4% during the second 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 in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Pioneer Floating Rate Fund by 72.8% during the first 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 in 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.