Pioneer Floating Rate Trust (PHD) Shares Bought by Capital Investment Advisors LLC

Capital Investment Advisors LLC increased its stake in Pioneer Floating Rate Trust (NYSE:PHD) by 12.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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.

A number of other hedge funds also recently bought and sold shares of PHD. Fifth Third Bancorp boosted its position in Pioneer Floating Rate Trust by 1,397.3% during the third quarter. Fifth Third Bancorp now owns 14,509 shares of the investment management company’s stock worth $160,000 after purchasing an additional 13,540 shares during the period. Sit Investment Associates Inc. lifted its holdings in shares of Pioneer Floating Rate Trust by 33.1% during the fourth quarter. Sit Investment Associates Inc. now owns 93,148 shares of the investment management company’s stock worth $917,000 after buying an additional 23,148 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Pioneer Floating Rate Trust during the fourth quarter worth approximately $30,000. CWM LLC acquired a new position in shares of Pioneer Floating Rate Trust during the fourth quarter worth approximately $290,000. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Pioneer Floating Rate Trust by 3.1% during the fourth quarter. Flagship Harbor Advisors LLC now owns 162,706 shares of the investment management company’s stock worth $1,601,000 after buying an additional 4,900 shares during the last quarter.

Shares of PHD stock traded up $0.03 during trading hours on Thursday, reaching $10.68. 906 shares of the company’s stock were exchanged, compared to its average volume of 101,438. Pioneer Floating Rate Trust has a fifty-two week low of $9.56 and a fifty-two week high of $11.75.

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.74%.

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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.

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

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