Lake Street Private Wealth LLC Sells 46,325 Shares of Pioneer Floating Rate Fund, Inc. (NYSE:PHD)

Lake Street Private Wealth LLC lessened its stake in shares of Pioneer Floating Rate Fund, Inc. (NYSE:PHD) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 657,025 shares of the investment management company’s stock after selling 46,325 shares during the period. Pioneer Floating Rate Fund makes up about 1.0% of Lake Street Private Wealth LLC’s investment portfolio, making the stock its 25th largest holding. Lake Street Private Wealth LLC’s holdings in Pioneer Floating Rate Fund were worth $6,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of PHD. Fiera Capital Corp bought a new stake in shares of Pioneer Floating Rate Fund in the 3rd quarter worth $508,000. Clear Creek Financial Management LLC increased its holdings in Pioneer Floating Rate Fund by 10.8% in the 3rd quarter. Clear Creek Financial Management LLC now owns 137,527 shares of the investment management company’s stock worth $1,362,000 after buying an additional 13,424 shares in the last quarter. Stifel Financial Corp purchased a new position in Pioneer Floating Rate Fund in the 3rd quarter worth about $123,000. Finally, Kovack Advisors Inc. bought a new position in Pioneer Floating Rate Fund during the 3rd quarter valued at about $99,000.

Pioneer Floating Rate Fund Trading Down 0.3 %

Shares of PHD stock opened at $9.63 on Friday. The company has a 50 day moving average price of $9.77 and a 200-day moving average price of $9.82. Pioneer Floating Rate Fund, Inc. has a 52 week low of $9.12 and a 52 week high of $10.05.

Pioneer Floating Rate Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 9.35%. The ex-dividend date of this dividend is Wednesday, January 15th.

Pioneer Floating Rate Fund Company Profile

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.