Wolverine Asset Management LLC increased its holdings in Pioneer Floating Rate Trust (NYSE:PHD) by 1,289.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,261 shares of the investment management company’s stock after purchasing an additional 27,155 shares during the period. Wolverine Asset Management LLC owned 0.12% of Pioneer Floating Rate Trust worth $335,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Trustcore Financial Services LLC purchased a new position in Pioneer Floating Rate Trust in the 4th quarter worth approximately $239,000. City of London Investment Management Co. Ltd. lifted its holdings in Pioneer Floating Rate Trust by 64.2% in the 3rd 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. Relative Value Partners Group LLC lifted its holdings in Pioneer Floating Rate Trust by 2.9% in the 3rd 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. Finally, Advisor Group Inc. lifted its holdings in Pioneer Floating Rate Trust by 320.1% in the 4th quarter. Advisor Group Inc. now owns 32,926 shares of the investment management company’s stock worth $377,000 after purchasing an additional 25,088 shares in the last quarter.
Pioneer Floating Rate Trust (PHD) remained flat at $$11.47 during midday trading on Friday. The company had a trading volume of 7,117 shares, compared to its average volume of 98,616. Pioneer Floating Rate Trust has a fifty-two week low of $11.27 and a fifty-two week high of $12.45.
The firm also recently declared a monthly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $0.72 dividend on an annualized basis 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.
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