Pioneer Floating Rate Trust (NYSE:PHD) Stock Price Crosses Above Two Hundred Day Moving Average of $10.53

Pioneer Floating Rate Trust (NYSE:PHD)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.53 and traded as high as $10.36. Pioneer Floating Rate Trust shares last traded at $10.32, with a volume of 427 shares changing hands.

The firm’s fifty day moving average price is $10.46 and its 200 day moving average price is $10.53.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.063 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.76 annualized dividend and a dividend yield of 7.30%.

Several hedge funds and other institutional investors have recently bought and sold shares of PHD. Sit Investment Associates Inc. raised its stake in shares of Pioneer Floating Rate Trust by 46.7% during the 1st quarter. Sit Investment Associates Inc. now owns 136,615 shares of the investment management company’s stock worth $1,421,000 after acquiring an additional 43,467 shares in the last quarter. Almitas Capital LLC raised its stake in shares of Pioneer Floating Rate Trust by 43.8% during the 1st quarter. Almitas Capital LLC now owns 167,762 shares of the investment management company’s stock worth $1,745,000 after acquiring an additional 51,106 shares in the last quarter. Round Table Services LLC raised its stake in shares of Pioneer Floating Rate Trust by 8.7% during the 2nd quarter. Round Table Services LLC now owns 14,289 shares of the investment management company’s stock worth $153,000 after acquiring an additional 1,140 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of Pioneer Floating Rate Trust by 10.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 513,740 shares of the investment management company’s stock worth $5,492,000 after acquiring an additional 48,651 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Pioneer Floating Rate Trust by 14.3% during the 2nd quarter. Park Avenue Securities LLC now owns 25,431 shares of the investment management company’s stock worth $272,000 after acquiring an additional 3,184 shares in the last quarter.

Pioneer Floating Rate Trust Company Profile (NYSE:PHD)

Pioneer Floating Rate Trust 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.

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