Pioneer Floating Rate Fund (NYSE:PHD) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Pioneer Floating Rate Fund, Inc. (NYSE:PHD) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Stock Performance

The business’s 50 day simple moving average is $9.88 and its 200 day simple moving average is $9.80.

Pioneer Floating Rate Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a dividend of $0.0925 per share. This represents a $1.11 dividend on an annualized basis and a yield of 11.26%. The ex-dividend date was Friday, October 18th.

Institutional Trading of Pioneer Floating Rate Fund

Hedge funds have recently bought and sold shares of the company. Avantax Advisory Services Inc. purchased a new stake in Pioneer Floating Rate Fund during the first quarter valued at about $101,000. Rothschild Investment LLC purchased a new stake in shares of Pioneer Floating Rate Fund in the second quarter worth approximately $240,000. Fiera Capital Corp purchased a new stake in shares of Pioneer Floating Rate Fund in the third quarter worth approximately $508,000. Clear Creek Financial Management LLC lifted its position in shares of 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 in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of 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 in the last quarter.

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.