Stifel Financial Corp Invests $1.01 Million in Pioneer Floating Rate Trust (PHD) Stock

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Stifel Financial Corp bought a new stake in shares of Pioneer Floating Rate Trust (NYSE:PHD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 86,149 shares of the investment management company’s stock, valued at approximately $1,006,000. Stifel Financial Corp owned 0.35% of Pioneer Floating Rate Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of PHD. Relative Value Partners Group LLC lifted its stake in Pioneer Floating Rate Trust by 32.6% during the 1st quarter. Relative Value Partners Group LLC now owns 927,849 shares of the investment management company’s stock valued at $10,809,000 after acquiring an additional 228,100 shares during the period. Shaker Financial Services LLC lifted its stake in Pioneer Floating Rate Trust by 32.0% during the 1st quarter. Shaker Financial Services LLC now owns 228,695 shares of the investment management company’s stock valued at $2,664,000 after acquiring an additional 55,497 shares during the period. Comerica Securities Inc. lifted its stake in Pioneer Floating Rate Trust by 22.8% during the 1st quarter. Comerica Securities Inc. now owns 172,870 shares of the investment management company’s stock valued at $2,014,000 after acquiring an additional 32,110 shares during the period. Wolverine Asset Management LLC lifted its stake in Pioneer Floating Rate Trust by 1,289.4% during the 4th quarter. Wolverine Asset Management LLC now owns 29,261 shares of the investment management company’s stock valued at $335,000 after acquiring an additional 27,155 shares during the period. Finally, Advisor Group Inc. lifted its stake in Pioneer Floating Rate Trust by 320.1% during the 4th quarter. Advisor Group Inc. now owns 32,926 shares of the investment management company’s stock valued at $377,000 after acquiring an additional 25,088 shares during the period.

Pioneer Floating Rate Trust opened at $11.18 on Friday, according to MarketBeat.com. Pioneer Floating Rate Trust has a 52-week low of $11.16 and a 52-week high of $12.22.

The business also recently announced a monthly dividend, which was paid on Friday, June 29th. Shareholders of record on Friday, June 15th were paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 6.44%. The ex-dividend date was Thursday, June 14th.

About Pioneer Floating Rate Trust

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.

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

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