Advisors Asset Management Inc. Raises Stock Holdings in Pioneer Floating Rate Fund, Inc. (NYSE:PHD)

Advisors Asset Management Inc. grew its stake in Pioneer Floating Rate Fund, Inc. (NYSE:PHD) by 72.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,884 shares of the investment management company’s stock after buying an additional 94,750 shares during the quarter. Advisors Asset Management Inc.’s holdings in Pioneer Floating Rate Fund were worth $2,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Clear Creek Financial Management LLC grew its position in shares of Pioneer Floating Rate Fund by 1.1% during the fourth quarter. Clear Creek Financial Management LLC now owns 118,871 shares of the investment management company’s stock worth $1,090,000 after purchasing an additional 1,267 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Pioneer Floating Rate Fund by 1,703.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,705 shares of the investment management company’s stock worth $25,000 after purchasing an additional 2,555 shares in the last quarter. Shaker Financial Services LLC grew its position in shares of Pioneer Floating Rate Fund by 9.7% during the fourth quarter. Shaker Financial Services LLC now owns 93,683 shares of the investment management company’s stock worth $868,000 after purchasing an additional 8,250 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Pioneer Floating Rate Fund during the first quarter worth about $101,000. Finally, Nomura Holdings Inc. bought a new position in Pioneer Floating Rate Fund during the fourth quarter valued at approximately $110,000.

Pioneer Floating Rate Fund Price Performance

Shares of Pioneer Floating Rate Fund stock opened at $9.80 on Friday. The stock has a 50 day moving average of $9.81 and a 200 day moving average of $9.67. Pioneer Floating Rate Fund, Inc. has a 12 month low of $8.46 and a 12 month high of $10.05.

Pioneer Floating Rate Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be paid a dividend of $0.0925 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.33%. The ex-dividend date is Friday, July 19th.

About Pioneer Floating Rate Fund

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.