Shaker Financial Services LLC Takes Position in Pioneer Floating Rate Trust (PHD)
Shaker Financial Services LLC acquired a new stake in shares of Pioneer Floating Rate Trust (NYSE:PHD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 112,645 shares of the investment management company’s stock, valued at approximately $1,340,000.
Separately, Nwam LLC acquired a new stake in Pioneer Floating Rate Trust during the second quarter valued at about $231,000.
Shares of Pioneer Floating Rate Trust (NYSE PHD) opened at 11.97 on Friday. The company’s 50-day moving average price is $11.89 and its 200 day moving average price is $12.10. Pioneer Floating Rate Trust has a 1-year low of $11.30 and a 1-year high of $12.45.
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 18th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.72 dividend on an annualized basis and a yield of 6.02%.
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About Pioneer Floating Rate Trust
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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