Advisor Group Inc. boosted its stake in Pioneer Floating Rate (NYSE:PHD) by 320.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,926 shares of the investment management company’s stock after acquiring an additional 25,088 shares during the period. Advisor Group Inc.’s holdings in Pioneer Floating Rate were worth $377,000 at the end of the most recent quarter.
Separately, City of London Investment Management Co. Ltd. boosted its holdings in Pioneer Floating Rate by 88.2% in the fourth quarter. City of London Investment Management Co. Ltd. now owns 306,715 shares of the investment management company’s stock valued at $3,515,000 after acquiring an additional 143,731 shares during the last quarter.
Shares of PHD stock opened at $11.65 on Monday. Pioneer Floating Rate has a one year low of $11.27 and a one year high of $12.45.
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About Pioneer Floating Rate
Pioneer Floating Rate Trust (Trust) is a diversified, closed-end management investment company. The investment objective of the Trust is to provide a high level of current income and the Trust may seek preservation of capital to the extent consistent with its investment objective of high current income, as a secondary objective.
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