Pioneer Floating Rate Trust (PHD) Holdings Trimmed by Beacon Financial Group

Beacon Financial Group trimmed its holdings in Pioneer Floating Rate Trust (NYSE:PHD) by 40.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 60,703 shares of the investment management company’s stock after selling 40,504 shares during the period. Beacon Financial Group owned 0.25% of Pioneer Floating Rate Trust worth $696,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. City of London Investment Management Co. Ltd. raised its holdings in Pioneer Floating Rate Trust by 64.2% during the third quarter. City of London Investment Management Co. Ltd. now owns 162,984 shares of the investment management company’s stock worth $1,944,000 after purchasing an additional 63,721 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Pioneer Floating Rate Trust by 32.8% during the second quarter. Ameriprise Financial Inc. now owns 81,381 shares of the investment management company’s stock worth $967,000 after purchasing an additional 20,123 shares in the last quarter. Relative Value Partners Group LLC raised its holdings in Pioneer Floating Rate Trust by 2.9% during the third quarter. Relative Value Partners Group LLC now owns 579,504 shares of the investment management company’s stock worth $6,931,000 after purchasing an additional 16,590 shares in the last quarter. Comerica Securities Inc. raised its holdings in Pioneer Floating Rate Trust by 11.1% during the second quarter. Comerica Securities Inc. now owns 157,241 shares of the investment management company’s stock worth $1,871,000 after purchasing an additional 15,750 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Pioneer Floating Rate Trust during the second quarter worth about $106,000.

Pioneer Floating Rate Trust (PHD) opened at $11.46 on Thursday. Pioneer Floating Rate Trust has a 1 year low of $11.36 and a 1 year high of $12.45.

The business also recently announced a monthly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 29th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.72 annualized dividend and a yield of 6.28%.

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Pioneer Floating Rate Trust Profile

Pioneer Floating Rate Trust (Trust) is a diversified, closed-end management investment company. The investment objective of the Trust is to provide a high level of current income and the Trust may seek preservation of capital to the extent consistent with its investment objective of high current income, as a secondary objective.

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

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