Pioneer Floating Rate Fund (NYSE:PHD) Share Price Passes Above 200-Day Moving Average of $9.30

Pioneer Floating Rate Fund, Inc. (NYSE:PHD)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.30 and traded as high as $9.62. Pioneer Floating Rate Fund shares last traded at $9.60, with a volume of 49,768 shares.

Pioneer Floating Rate Fund Trading Up 0.1 %

The business has a fifty day moving average of $9.66 and a 200-day moving average of $9.30.

Pioneer Floating Rate Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be issued a dividend of $0.0925 per share. This represents a $1.11 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date is Thursday, April 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PHD. Lake Street Private Wealth LLC grew its holdings 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 worth $5,791,000 after acquiring an additional 56,350 shares during the period. Clough Capital Partners L P increased 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 purchasing an additional 48,300 shares in the last quarter. Virtus ETF Advisers LLC increased its stake in Pioneer Floating Rate Fund by 83.5% in the 3rd quarter. Virtus ETF Advisers LLC now owns 67,774 shares of the investment management company’s stock worth $611,000 after purchasing an additional 30,847 shares in the last quarter. Lake Street Financial LLC increased its stake in Pioneer Floating Rate Fund by 3.7% in the 3rd quarter. Lake Street Financial LLC now owns 526,750 shares of the investment management company’s stock worth $4,751,000 after purchasing an additional 18,700 shares in the last quarter. Finally, Robinson Capital Management LLC purchased a new position in Pioneer Floating Rate Fund in the 4th quarter worth about $142,000.

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.