Pioneer Floating Rate Fund, Inc. (NYSE:PHD) Shares Acquired by Clear Creek Financial Management LLC

Posted by Jessica Moore on Feb 1st, 2025

Clear Creek Financial Management LLC grew its stake in Pioneer Floating Rate Fund, Inc. (NYSE:PHD – Free Report) by 4.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 143,069 shares of the investment management company’s stock after acquiring an additional 5,542 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Pioneer Floating Rate Fund were worth $1,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Kovack Advisors Inc. purchased a new stake in Pioneer Floating Rate Fund in the 3rd quarter valued at $99,000. Stifel Financial Corp purchased a new position in shares of Pioneer Floating Rate Fund during the 3rd quarter worth $123,000. Fiera Capital Corp acquired a new position in shares of Pioneer Floating Rate Fund during the 3rd quarter valued at about $508,000. Finally, Lake Street Private Wealth LLC grew its holdings in shares of Pioneer Floating Rate Fund by 5.7% in the third quarter. Lake Street Private Wealth LLC now owns 703,350 shares of the investment management company’s stock valued at $6,963,000 after purchasing an additional 37,750 shares during the period.

Pioneer Floating Rate Fund Stock Performance

Pioneer Floating Rate Fund stock opened at $9.70 on Friday. The company has a 50-day moving average price of $9.73 and a 200 day moving average price of $9.81. Pioneer Floating Rate Fund, Inc. has a 12-month low of $9.25 and a 12-month high of $10.05.

Pioneer Floating Rate Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $0.90 annualized dividend and a yield of 9.28%.

Pioneer Floating Rate Fund Profile

(Free Report)

Pioneer Floating Rate Fund, Inc 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.