Shares of Pioneer Floating Rate Trust (NYSE:PHD) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.55 and traded as low as $10.59. Pioneer Floating Rate Trust shares last traded at $10.61, with a volume of 26,792 shares traded.

The company has a 50 day simple moving average of $10.56.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will be issued a dividend of $0.063 per share. The ex-dividend date is Monday, July 15th. This represents a $0.76 annualized dividend and a yield of 7.10%.

A number of large investors have recently bought and sold shares of PHD. PNC Financial Services Group Inc. raised its stake in Pioneer Floating Rate Trust by 345.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,900 shares of the investment management company’s stock valued at $88,000 after buying an additional 6,900 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Pioneer Floating Rate Trust by 11.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 81,971 shares of the investment management company’s stock worth $807,000 after purchasing an additional 8,512 shares during the period. RMB Capital Management LLC boosted its stake in Pioneer Floating Rate Trust by 113.3% during the 4th quarter. RMB Capital Management LLC now owns 183,552 shares of the investment management company’s stock worth $1,806,000 after purchasing an additional 97,481 shares during the period. Q Global Advisors LLC acquired a new stake in Pioneer Floating Rate Trust during the 4th quarter worth $560,000. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in Pioneer Floating Rate Trust by 32.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 863,955 shares of the investment management company’s stock worth $8,501,000 after purchasing an additional 210,541 shares during the period.

Pioneer Floating Rate Trust Company Profile (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.

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