Benjamin F. Edwards & Company Inc. purchased a new position in Pioneer Floating Rate Trust (NYSE:PHD) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,568 shares of the investment management company’s stock, valued at approximately $25,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James & Associates grew its stake in Pioneer Floating Rate Trust by 68.9% during the 2nd quarter. Raymond James & Associates now owns 45,464 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 18,545 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Pioneer Floating Rate Trust by 3.1% during the 4th quarter. Flagship Harbor Advisors LLC now owns 162,706 shares of the investment management company’s stock valued at $1,601,000 after acquiring an additional 4,900 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Pioneer Floating Rate Trust by 7.1% during the 4th quarter. Capital Investment Advisors LLC now owns 415,081 shares of the investment management company’s stock valued at $4,084,000 after acquiring an additional 27,445 shares in the last quarter. Sit Investment Associates Inc. grew its stake in Pioneer Floating Rate Trust by 33.1% during the 4th quarter. Sit Investment Associates Inc. now owns 93,148 shares of the investment management company’s stock valued at $917,000 after acquiring an additional 23,148 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. grew its stake in Pioneer Floating Rate Trust by 62.9% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 178,279 shares of the investment management company’s stock valued at $1,966,000 after acquiring an additional 68,832 shares in the last quarter.

NYSE:PHD opened at $10.47 on Friday. Pioneer Floating Rate Trust has a fifty-two week low of $9.56 and a fifty-two week high of $11.80.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Wednesday, February 20th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, February 19th. This represents a $0.72 annualized dividend and a yield of 6.88%.

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About Pioneer Floating Rate Trust

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.

Further Reading: What is an investor looking for in an SEC filing?

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

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