Rivernorth Capital Management LLC Has $7.47 Million Position in Pioneer Floating Rate Trust (NYSE:PHD)

Share on StockTwits

Rivernorth Capital Management LLC increased its holdings in shares of Pioneer Floating Rate Trust (NYSE:PHD) by 68.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 698,749 shares of the investment management company’s stock after acquiring an additional 283,236 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Pioneer Floating Rate Trust were worth $7,470,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Round Table Services LLC grew its holdings in Pioneer Floating Rate Trust by 8.7% in the 2nd quarter. Round Table Services LLC now owns 14,289 shares of the investment management company’s stock valued at $153,000 after buying an additional 1,140 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Pioneer Floating Rate Trust by 14.3% in the 2nd quarter. Park Avenue Securities LLC now owns 25,431 shares of the investment management company’s stock valued at $272,000 after buying an additional 3,184 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Pioneer Floating Rate Trust by 18.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 96,929 shares of the investment management company’s stock valued at $1,008,000 after buying an additional 14,958 shares in the last quarter. Invesco Ltd. grew its holdings in Pioneer Floating Rate Trust by 7.5% in the 2nd quarter. Invesco Ltd. now owns 392,209 shares of the investment management company’s stock valued at $4,193,000 after buying an additional 27,522 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Pioneer Floating Rate Trust by 112.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 53,100 shares of the investment management company’s stock valued at $568,000 after buying an additional 28,147 shares in the last quarter.

NYSE PHD traded up $0.02 on Friday, reaching $10.58. The stock had a trading volume of 1,875 shares, compared to its average volume of 80,660. The firm has a fifty day moving average of $10.44 and a two-hundred day moving average of $10.54. Pioneer Floating Rate Trust has a 1-year low of $9.56 and a 1-year high of $11.08.

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th will be issued a $0.063 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date is Tuesday, September 17th.

Pioneer Floating Rate Trust 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.

See Also: What is a recession?

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)

Receive News & Ratings for Pioneer Floating Rate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Floating Rate Trust and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.