Pioneer Floating Rate Fund (NYSE:PHD) Shares Pass Above 200-Day Moving Average of $9.77

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.77 and traded as high as $9.93. Pioneer Floating Rate Fund shares last traded at $9.90, with a volume of 54,780 shares trading hands.

Pioneer Floating Rate Fund Stock Performance

The stock has a 50-day simple moving average of $9.84 and a two-hundred day simple moving average of $9.77.

Pioneer Floating Rate Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a $0.0925 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.11 annualized dividend and a dividend yield of 11.21%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Rothschild Investment LLC purchased a new position in shares of Pioneer Floating Rate Fund in the second quarter worth about $240,000. Clear Creek Financial Management LLC increased its holdings in shares of Pioneer Floating Rate Fund by 7.4% in 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 buying an additional 8,588 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Pioneer Floating Rate Fund by 72.8% in the first quarter. Advisors Asset Management Inc. now owns 224,884 shares of the investment management company’s stock worth $2,177,000 after buying an additional 94,750 shares during the period. Avantax Advisory Services Inc. purchased a new position in shares of Pioneer Floating Rate Fund in the first quarter worth about $101,000. Finally, Lake Street Private Wealth LLC increased its holdings in shares of Pioneer Floating Rate Fund by 10.4% in the first quarter. Lake Street Private Wealth LLC now owns 598,250 shares of the investment management company’s stock worth $5,791,000 after buying an additional 56,350 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.