Pioneer Floating Rate Fund (NYSE:PHD) Share Price Passes Above 200 Day Moving Average – Here’s Why

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.80 and traded as high as $9.87. Pioneer Floating Rate Fund shares last traded at $9.86, with a volume of 24,714 shares changing hands.

Pioneer Floating Rate Fund Trading Up 0.5 %

The business has a 50-day moving average price of $9.88 and a 200 day moving average price of $9.80.

Pioneer Floating Rate Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were given a $0.0925 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $1.11 dividend on an annualized basis and a yield of 11.26%.

Institutional Trading of Pioneer Floating Rate Fund

A number of institutional investors have recently bought and sold shares of PHD. Avantax Advisory Services Inc. bought a new stake in Pioneer Floating Rate Fund in the first quarter worth $101,000. Rothschild Investment LLC bought a new stake in Pioneer Floating Rate Fund in the second quarter worth $240,000. Fiera Capital Corp purchased a new stake in Pioneer Floating Rate Fund in the third quarter worth $508,000. Clear Creek Financial Management LLC increased its stake in 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 purchasing an additional 8,588 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in 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 purchasing an additional 94,750 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.