Pioneer Floating Rate Fund, Inc. (NYSE:PHD) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC lessened its holdings in Pioneer Floating Rate Fund, Inc. (NYSE:PHDGet Rating) by 6.9% in the second quarter, HoldingsChannel.com reports. The firm owned 23,547 shares of the investment management company’s stock after selling 1,747 shares during the period. Capital Investment Advisors LLC’s holdings in Pioneer Floating Rate Fund were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in shares of Pioneer Floating Rate Fund during the first quarter valued at $28,000. Qube Research & Technologies Ltd acquired a new position in shares of Pioneer Floating Rate Fund during the fourth quarter valued at $144,000. Landscape Capital Management L.L.C. acquired a new position in shares of Pioneer Floating Rate Fund during the first quarter valued at $146,000. Advisor Group Holdings Inc. boosted its holdings in shares of Pioneer Floating Rate Fund by 15.2% during the first quarter. Advisor Group Holdings Inc. now owns 26,817 shares of the investment management company’s stock valued at $281,000 after acquiring an additional 3,544 shares during the period. Finally, Wolverine Asset Management LLC acquired a new position in shares of Pioneer Floating Rate Fund during the first quarter valued at $451,000.

Pioneer Floating Rate Fund Price Performance

Shares of PHD opened at $8.91 on Tuesday. Pioneer Floating Rate Fund, Inc. has a 1 year low of $8.62 and a 1 year high of $12.21. The firm has a fifty day moving average of $9.20 and a 200-day moving average of $9.53.

Pioneer Floating Rate Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Tuesday, September 20th will be issued a dividend of $0.07 per share. This is an increase from Pioneer Floating Rate Fund’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Monday, September 19th. This represents a $0.84 annualized dividend and a dividend yield of 9.43%.

Pioneer Floating Rate Fund Company Profile

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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.

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

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