Pioneer Floating Rate Trust (NYSE:PHD) Stock Crosses Above 200-Day Moving Average of $10.51

Share on StockTwits

Pioneer Floating Rate Trust (NYSE:PHD)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.51 and traded as high as $10.65. Pioneer Floating Rate Trust shares last traded at $10.64, with a volume of 1,509 shares traded.

The business has a 50-day moving average price of $10.54 and a two-hundred day moving average price of $10.51.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, December 13th will be given a $0.0625 dividend. This represents a $0.75 annualized dividend and a yield of 7.05%. The ex-dividend date of this dividend is Thursday, December 12th.

In other Pioneer Floating Rate Trust news, major shareholder Saba Capital Management, L.P. purchased 5,659 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was acquired at an average price of $10.46 per share, for a total transaction of $59,193.14. Insiders have acquired a total of 150,425 shares of company stock valued at $1,581,164 in the last 90 days.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in Pioneer Floating Rate Trust by 5.1% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,494 shares of the investment management company’s stock valued at $251,000 after purchasing an additional 1,132 shares during the last quarter. Round Table Services LLC increased its holdings in Pioneer Floating Rate Trust by 8.4% during the 3rd quarter. Round Table Services LLC now owns 15,489 shares of the investment management company’s stock worth $163,000 after purchasing an additional 1,200 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Pioneer Floating Rate Trust by 9.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 16,555 shares of the investment management company’s stock worth $174,000 after purchasing an additional 1,477 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Pioneer Floating Rate Trust by 16.6% in the third quarter. Park Avenue Securities LLC now owns 29,658 shares of the investment management company’s stock worth $312,000 after purchasing an additional 4,227 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Pioneer Floating Rate Trust in the third quarter worth approximately $79,000.

About Pioneer Floating Rate Trust (NYSE:PHD)

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.

Featured Story: Asset Allocation

Receive News & Ratings for Pioneer Floating Rate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Floating Rate Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

G Bradley Cole Sells 10,000 Shares of EXACT Sciences Co.  Stock
G Bradley Cole Sells 10,000 Shares of EXACT Sciences Co. Stock
Ault & Company, Inc. Acquires 660,667 Shares of DPW Holdings Inc  Stock
Ault & Company, Inc. Acquires 660,667 Shares of DPW Holdings Inc Stock
Kadant Inc.  Chairman Jonathan W. Painter Sells 7,200 Shares
Kadant Inc. Chairman Jonathan W. Painter Sells 7,200 Shares
AtriCure Inc.  CEO Sells $850,000.00 in Stock
AtriCure Inc. CEO Sells $850,000.00 in Stock
Forty Seven Inc  Director Ravindra Majeti Sells 25,000 Shares
Forty Seven Inc Director Ravindra Majeti Sells 25,000 Shares
Kevin M. Murai Sells 5,800 Shares of SYNNEX Co.  Stock
Kevin M. Murai Sells 5,800 Shares of SYNNEX Co. Stock


© 2006-2020 Ticker Report