Clear Creek Financial Management LLC Boosts Stake in Pioneer Floating Rate Fund, Inc. (NYSE:PHD)

Clear Creek Financial Management LLC lifted its holdings in Pioneer Floating Rate Fund, Inc. (NYSE:PHD) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,069 shares of the investment management company’s stock after purchasing an additional 5,542 shares during the period. Clear Creek Financial Management LLC’s holdings in Pioneer Floating Rate Fund were worth $1,385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of PHD. Lake Street Private Wealth LLC grew its holdings in 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. Fiera Capital Corp purchased a new position in shares of Pioneer Floating Rate Fund during the 3rd quarter valued at approximately $508,000. Kovack Advisors Inc. acquired a new stake in Pioneer Floating Rate Fund in the 3rd quarter valued at $99,000. Finally, Stifel Financial Corp purchased a new stake in Pioneer Floating Rate Fund in the 3rd quarter worth $123,000.

Pioneer Floating Rate Fund Stock Performance

NYSE:PHD opened at $9.70 on Friday. The company has a fifty day moving average of $9.73 and a two-hundred day moving average of $9.81. Pioneer Floating Rate Fund, Inc. has a fifty-two week low of $9.25 and a fifty-two week high of $10.05.

Pioneer Floating Rate Fund Cuts Dividend

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

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.