Pioneer Floating Rate Trust (NYSE:PHD) Position Increased by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its holdings in shares of Pioneer Floating Rate Trust (NYSE:PHD) by 12.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 465,089 shares of the investment management company’s stock after purchasing an additional 50,008 shares during the quarter. Capital Investment Advisors LLC’s holdings in Pioneer Floating Rate Trust were worth $4,837,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PHD. 6 Meridian purchased a new stake in Pioneer Floating Rate Trust during the 1st quarter valued at $461,000. Millennium Management LLC bought a new stake in shares of Pioneer Floating Rate Trust during the 4th quarter valued at $359,000. Amundi Pioneer Asset Management Inc. grew its position in shares of Pioneer Floating Rate Trust by 32.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 863,955 shares of the investment management company’s stock valued at $8,501,000 after acquiring an additional 210,541 shares during the period. Q Global Advisors LLC bought a new stake in shares of Pioneer Floating Rate Trust during the 4th quarter valued at $560,000. Finally, RMB Capital Management LLC grew its position in shares of Pioneer Floating Rate Trust by 113.3% during the 4th quarter. RMB Capital Management LLC now owns 183,552 shares of the investment management company’s stock valued at $1,806,000 after acquiring an additional 97,481 shares during the period.

Shares of PHD stock opened at $10.79 on Friday. Pioneer Floating Rate Trust has a 1 year low of $9.56 and a 1 year high of $11.59.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 17th were given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date was Tuesday, April 16th.

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Pioneer Floating Rate Trust Profile

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.

Further Reading: Resistance Level

Institutional Ownership by Quarter for Pioneer Floating Rate Trust (NYSE:PHD)

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