Shaker Financial Services LLC Sells 2,027 Shares of Pioneer Floating Rate Fund, Inc. (NYSE:PHD)

Shaker Financial Services LLC trimmed its stake in Pioneer Floating Rate Fund, Inc. (NYSE:PHD) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,788 shares of the investment management company’s stock after selling 2,027 shares during the period. Shaker Financial Services LLC’s holdings in Pioneer Floating Rate Fund were worth $938,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Avantax Advisory Services Inc. purchased a new stake in shares of Pioneer Floating Rate Fund during the first quarter valued at about $101,000. Advisors Asset Management Inc. boosted its stake 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 valued at $2,177,000 after acquiring an additional 94,750 shares in the last quarter. Clear Creek Financial Management LLC grew its holdings in 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 during the last quarter. Rothschild Investment LLC acquired a new position in shares of Pioneer Floating Rate Fund during the second quarter worth $240,000. Finally, 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 purchasing an additional 37,750 shares during the last quarter.

Pioneer Floating Rate Fund Price Performance

Pioneer Floating Rate Fund stock opened at $9.76 on Thursday. The business has a fifty day moving average price of $9.87 and a 200-day moving average price of $9.81. Pioneer Floating Rate Fund, Inc. has a 1-year low of $8.84 and a 1-year 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 issued a $0.085 dividend. This represents a $1.02 annualized dividend and a yield of 10.45%. The ex-dividend date of this dividend is Friday, November 15th.

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.