Wells Fargo & Company MN Has $1.90 Million Position in Pioneer Floating Rate Trust (PHD)

Wells Fargo & Company MN lessened its holdings in Pioneer Floating Rate Trust (NYSE:PHD) by 23.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,075 shares of the investment management company’s stock after selling 49,087 shares during the period. Wells Fargo & Company MN owned 0.64% of Pioneer Floating Rate Trust worth $1,902,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. City of London Investment Management Co. Ltd. lifted its stake in shares of Pioneer Floating Rate Trust by 64.2% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 162,984 shares of the investment management company’s stock valued at $1,944,000 after purchasing an additional 63,721 shares during the last quarter. Relative Value Partners Group LLC lifted its stake in shares of Pioneer Floating Rate Trust by 2.9% in the 3rd quarter. Relative Value Partners Group LLC now owns 579,504 shares of the investment management company’s stock valued at $6,931,000 after purchasing an additional 16,590 shares during the last quarter. Beacon Financial Group lifted its stake in shares of Pioneer Floating Rate Trust by 19.0% in the 3rd quarter. Beacon Financial Group now owns 101,207 shares of the investment management company’s stock valued at $1,210,000 after purchasing an additional 16,172 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Pioneer Floating Rate Trust by 4.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 62,471 shares of the investment management company’s stock valued at $743,000 after purchasing an additional 2,494 shares during the last quarter. Finally, Robinson Capital Management LLC acquired a new stake in shares of Pioneer Floating Rate Trust in the 2nd quarter valued at $167,000.

Shares of Pioneer Floating Rate Trust (NYSE PHD) opened at $11.60 on Thursday. Pioneer Floating Rate Trust has a 52 week low of $11.36 and a 52 week high of $12.45.

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 29th were paid a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 6.21%. The ex-dividend date was Thursday, December 28th.

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Pioneer Floating Rate Trust Company Profile

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

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