Pioneer Floating Rate Fund (NYSE:PHD) Shares Cross Above Two Hundred Day Moving Average of $9.32

Pioneer Floating Rate Fund, Inc. (NYSE:PHD)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.32 and traded as high as $9.58. Pioneer Floating Rate Fund shares last traded at $9.58, with a volume of 47,052 shares trading hands.

Pioneer Floating Rate Fund Stock Performance

The stock has a 50 day moving average of $9.65 and a 200-day moving average of $9.32.

Pioneer Floating Rate Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were paid a dividend of $0.0925 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.59%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its holdings in Pioneer Floating Rate Fund by 1,703.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,705 shares of the investment management company’s stock worth $25,000 after purchasing an additional 2,555 shares in the last quarter. Zazove Associates LLC purchased a new stake in shares of Pioneer Floating Rate Fund during the 3rd quarter worth approximately $59,000. Nomura Holdings Inc. purchased a new stake in shares of Pioneer Floating Rate Fund during the 4th quarter worth approximately $110,000. Robinson Capital Management LLC purchased a new stake in shares of Pioneer Floating Rate Fund during the 4th quarter worth approximately $142,000. Finally, Virtus ETF Advisers LLC raised its holdings in shares of Pioneer Floating Rate Fund by 83.5% during the 3rd quarter. Virtus ETF Advisers LLC now owns 67,774 shares of the investment management company’s stock worth $611,000 after acquiring an additional 30,847 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.