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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Pioneer Floating Rate Fund Price Performance

The business has a 50 day moving average price of $9.66 and a 200-day moving average price of $9.30.

Pioneer Floating Rate Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be paid a $0.0925 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.62%. The ex-dividend date of this dividend is Thursday, April 18th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clear Creek Financial Management LLC increased its position in Pioneer Floating Rate Fund by 1.1% in the 4th quarter. Clear Creek Financial Management LLC now owns 118,871 shares of the investment management company’s stock valued at $1,090,000 after buying an additional 1,267 shares in the last quarter. International Assets Investment Management LLC increased its position 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 valued at $25,000 after buying an additional 2,555 shares in the last quarter. Zazove Associates LLC bought a new stake in Pioneer Floating Rate Fund in the 3rd quarter valued at about $59,000. Shaker Financial Services LLC increased its position in Pioneer Floating Rate Fund by 9.7% in the 4th quarter. Shaker Financial Services LLC now owns 93,683 shares of the investment management company’s stock valued at $868,000 after buying an additional 8,250 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Pioneer Floating Rate Fund in the 4th quarter valued at about $110,000.

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.