Wedbush Securities Inc. lowered its position in shares of Pioneer Floating Rate Trust (NYSE:PHD) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,108 shares of the investment management company’s stock after selling 1,000 shares during the quarter. Wedbush Securities Inc.’s holdings in Pioneer Floating Rate Trust were worth $198,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new stake in shares of Pioneer Floating Rate Trust during the fourth quarter worth approximately $30,000. Flagship Harbor Advisors LLC increased its stake in shares of Pioneer Floating Rate Trust by 3.1% in 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 during the last quarter. Fifth Third Bancorp increased its stake in shares of Pioneer Floating Rate Trust by 1,397.3% in the 3rd quarter. Fifth Third Bancorp now owns 14,509 shares of the investment management company’s stock valued at $160,000 after acquiring an additional 13,540 shares during the last quarter. Comerica Securities Inc. increased its stake in shares of Pioneer Floating Rate Trust by 8.1% in the 3rd quarter. Comerica Securities Inc. now owns 229,462 shares of the investment management company’s stock valued at $2,531,000 after acquiring an additional 17,151 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of Pioneer Floating Rate Trust by 68.9% in 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 during the last quarter.

NYSE:PHD traded up $0.04 during trading hours on Monday, hitting $10.31. The stock had a trading volume of 3,918 shares, compared to its average volume of 111,841. Pioneer Floating Rate Trust has a one year low of $9.56 and a one year high of $11.80.

The business also recently declared a monthly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Wednesday, February 20th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend is Tuesday, February 19th.

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Pioneer Floating Rate Trust Company 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.

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

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