Fiera Capital Corp Invests $508,000 in Pioneer Floating Rate Fund, Inc. (NYSE:PHD)

Fiera Capital Corp bought a new position in Pioneer Floating Rate Fund, Inc. (NYSE:PHD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 51,360 shares of the investment management company’s stock, valued at approximately $508,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lake Street Private Wealth LLC lifted its holdings in shares of Pioneer Floating Rate Fund by 5.7% during the 3rd quarter. Lake Street Private Wealth LLC now owns 703,350 shares of the investment management company’s stock valued at $6,963,000 after buying an additional 37,750 shares during the period. Advisors Asset Management Inc. boosted its position 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 last quarter. Clear Creek Financial Management LLC grew its stake in shares of Pioneer Floating Rate Fund by 10.8% during the 3rd quarter. Clear Creek Financial Management LLC now owns 137,527 shares of the investment management company’s stock valued at $1,362,000 after purchasing an additional 13,424 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Pioneer Floating Rate Fund during the 2nd quarter valued at about $240,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Pioneer Floating Rate Fund during the 1st quarter valued at about $101,000.

Pioneer Floating Rate Fund Price Performance

PHD opened at $9.87 on Monday. The company’s 50 day moving average is $9.87 and its 200 day moving average is $9.81. Pioneer Floating Rate Fund, Inc. has a 12-month low of $8.84 and a 12-month high of $10.05.

Pioneer Floating Rate Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.085 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.02 annualized dividend and a yield of 10.33%.

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.