Lake Street Private Wealth LLC Boosts Stock Position in Pioneer Floating Rate Fund, Inc. (NYSE:PHD)

Lake Street Private Wealth LLC grew its position in shares of Pioneer Floating Rate Fund, Inc. (NYSE:PHD) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 703,350 shares of the investment management company’s stock after purchasing an additional 37,750 shares during the quarter. Pioneer Floating Rate Fund makes up about 1.1% of Lake Street Private Wealth LLC’s holdings, making the stock its 18th largest position. Lake Street Private Wealth LLC’s holdings in Pioneer Floating Rate Fund were worth $6,963,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Clear Creek Financial Management LLC lifted its position in shares of Pioneer Floating Rate Fund by 7.4% during the 2nd quarter. Clear Creek Financial Management LLC now owns 124,103 shares of the investment management company’s stock valued at $1,199,000 after acquiring an additional 8,588 shares during the period. Avantax Advisory Services Inc. acquired a new position in shares of Pioneer Floating Rate Fund during the 1st quarter worth approximately $101,000. Nomura Holdings Inc. acquired a new position in shares of Pioneer Floating Rate Fund during the 4th quarter worth approximately $110,000. Rothschild Investment LLC acquired a new position in Pioneer Floating Rate Fund in the 2nd quarter valued at $240,000. Finally, Advisors Asset Management Inc. raised its holdings in Pioneer Floating Rate Fund by 72.8% in the 1st 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 during the last quarter.

Pioneer Floating Rate Fund Trading Down 0.2 %

Shares of PHD stock traded down $0.02 on Wednesday, reaching $9.81. 8,180 shares of the stock were exchanged, compared to its average volume of 59,585. The firm has a 50 day moving average of $9.88 and a two-hundred day moving average of $9.80. Pioneer Floating Rate Fund, Inc. has a 1-year low of $8.46 and a 1-year high of $10.05.

Pioneer Floating Rate Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a $0.0925 dividend. The ex-dividend date is Friday, October 18th. This represents a $1.11 dividend on an annualized basis and a yield of 11.31%.

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.