Pioneer Floating Rate Fund (NYSE:PHD) Shares Pass Above 200-Day Moving Average of $9.77

Pioneer Floating Rate Fund, Inc. (NYSE:PHD)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.77 and traded as high as $9.93. Pioneer Floating Rate Fund shares last traded at $9.90, with a volume of 54,780 shares traded.

Pioneer Floating Rate Fund Price Performance

The stock has a 50-day moving average of $9.84 and a 200-day moving average of $9.77.

Pioneer Floating Rate Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a $0.0925 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.21%.

Institutional Investors Weigh In On Pioneer Floating Rate Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Avantax Advisory Services Inc. purchased a new stake in shares of Pioneer Floating Rate Fund in the first quarter worth $101,000. Nomura Holdings Inc. purchased a new stake in shares of Pioneer Floating Rate Fund in the fourth quarter worth $110,000. Rothschild Investment LLC purchased a new stake in Pioneer Floating Rate Fund during the second quarter valued at about $240,000. Clear Creek Financial Management LLC raised its position in Pioneer Floating Rate Fund by 7.4% during the second quarter. Clear Creek Financial Management LLC now owns 124,103 shares of the investment management company’s stock valued at $1,199,000 after purchasing an additional 8,588 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in Pioneer Floating Rate Fund by 72.8% during the first quarter. Advisors Asset Management Inc. now owns 224,884 shares of the investment management company’s stock valued at $2,177,000 after purchasing an additional 94,750 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.