Clear Creek Financial Management LLC Has $1.36 Million Stake in Pioneer Floating Rate Fund, Inc. (NYSE:PHD)

Clear Creek Financial Management LLC lifted its stake in Pioneer Floating Rate Fund, Inc. (NYSE:PHD) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,527 shares of the investment management company’s stock after purchasing an additional 13,424 shares during the period. Clear Creek Financial Management LLC’s holdings in Pioneer Floating Rate Fund were worth $1,362,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PHD. Avantax Advisory Services Inc. bought a new position in Pioneer Floating Rate Fund in the 1st quarter valued at $101,000. Rothschild Investment LLC acquired a new position in shares of Pioneer Floating Rate Fund during the second quarter valued at $240,000. Advisors Asset Management Inc. boosted its holdings in Pioneer Floating Rate Fund by 72.8% in the first quarter. Advisors Asset Management Inc. now owns 224,884 shares of the investment management company’s stock valued at $2,177,000 after acquiring an additional 94,750 shares during the last quarter. Finally, Lake Street Private Wealth LLC increased its position 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 worth $6,963,000 after purchasing an additional 37,750 shares during the period.

Pioneer Floating Rate Fund Price Performance

Shares of NYSE:PHD opened at $9.86 on Friday. Pioneer Floating Rate Fund, Inc. has a 1-year low of $8.75 and a 1-year high of $10.05. The business has a 50-day moving average price of $9.88 and a two-hundred day moving average price of $9.80.

Pioneer Floating Rate Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a dividend of $0.0925 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.26%. The ex-dividend date was Friday, October 18th.

About Pioneer Floating Rate Fund

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.