Pioneer Floating Rate Trust (PHD) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC cut its holdings in Pioneer Floating Rate Trust (NYSE:PHD) by 6.6% in the 1st quarter, HoldingsChannel reports. The fund owned 151,900 shares of the investment management company’s stock after selling 10,806 shares during the period. Flagship Harbor Advisors LLC’s holdings in Pioneer Floating Rate Trust were worth $1,579,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Pioneer Floating Rate Trust in the 4th quarter worth about $25,000. Shine Investment Advisory Services Inc. bought a new position in shares of Pioneer Floating Rate Trust in the 4th quarter worth about $30,000. Essex Savings Bank bought a new position in shares of Pioneer Floating Rate Trust in the 4th quarter worth about $49,000. PNC Financial Services Group Inc. raised its position in shares of Pioneer Floating Rate Trust by 345.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,900 shares of the investment management company’s stock worth $88,000 after acquiring an additional 6,900 shares in the last quarter. Finally, Round Table Services LLC bought a new position in shares of Pioneer Floating Rate Trust in the 1st quarter worth about $137,000.

Shares of PHD stock traded up $0.02 during mid-day trading on Monday, hitting $10.64. The company’s stock had a trading volume of 37,869 shares, compared to its average volume of 100,674. Pioneer Floating Rate Trust has a 52 week low of $9.56 and a 52 week high of $11.75.

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders 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 annualized dividend and a dividend yield of 6.77%.

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About Pioneer Floating Rate Trust

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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Want to see what other hedge funds are holding PHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Floating Rate Trust (NYSE:PHD).

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

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