Doliver Advisors LP bought a new position in shares of Pioneer Floating Rate Trust (NYSE:PHD) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,088 shares of the investment management company’s stock, valued at approximately $115,000.

Several other institutional investors also recently bought and sold shares of PHD. PenderFund Capital Management Ltd. lifted its position in shares of Pioneer Floating Rate Trust by 607.9% during the 2nd quarter. PenderFund Capital Management Ltd. now owns 707,934 shares of the investment management company’s stock worth $2,856,000 after buying an additional 607,934 shares during the period. Zazove Associates LLC grew its position in Pioneer Floating Rate Trust by 946.1% during the second quarter. Zazove Associates LLC now owns 500,000 shares of the investment management company’s stock worth $511,000 after buying an additional 452,202 shares in the last quarter. Lake Street Financial LLC acquired a new stake in Pioneer Floating Rate Trust during the third quarter worth approximately $3,336,000. Rivernorth Capital Management LLC grew its position in Pioneer Floating Rate Trust by 68.2% during the second quarter. Rivernorth Capital Management LLC now owns 698,749 shares of the investment management company’s stock worth $7,470,000 after buying an additional 283,236 shares in the last quarter. Finally, Virtus ETF Advisers LLC acquired a new stake in Pioneer Floating Rate Trust during the second quarter worth approximately $2,626,000.

Shares of NYSE:PHD opened at $10.51 on Friday. Pioneer Floating Rate Trust has a 1 year low of $9.56 and a 1 year high of $10.84. The business’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $10.52.

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 19th will be given a dividend of $0.063 per share. This represents a $0.76 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date is Monday, November 18th.

In related news, major shareholder Saba Capital Management, L.P. purchased 5,659 shares of Pioneer Floating Rate Trust stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average price of $10.46 per share, with a total value of $59,193.14. Insiders have purchased 140,657 shares of company stock worth $1,477,525 in the last three months.

Pioneer Floating Rate Trust Company 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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