Trustcore Financial Services LLC Acquires New Stake in Pioneer Floating Rate Trust (PHD)

Trustcore Financial Services LLC acquired a new stake in shares of Pioneer Floating Rate Trust (NYSE:PHD) in the fourth quarter, HoldingsChannel reports. The firm acquired 20,850 shares of the investment management company’s stock, valued at approximately $239,000.

A number of other institutional investors have also recently bought and sold shares of PHD. Ameriprise Financial Inc. increased its position in Pioneer Floating Rate Trust by 32.8% during the second quarter. Ameriprise Financial Inc. now owns 81,381 shares of the investment management company’s stock valued at $967,000 after acquiring an additional 20,123 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Pioneer Floating Rate Trust by 4.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 62,471 shares of the investment management company’s stock valued at $743,000 after acquiring an additional 2,494 shares during the last quarter. Relative Value Partners Group LLC increased its position in Pioneer Floating Rate Trust by 2.9% during the third quarter. Relative Value Partners Group LLC now owns 579,504 shares of the investment management company’s stock valued at $6,931,000 after acquiring an additional 16,590 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. increased its position in Pioneer Floating Rate Trust by 64.2% during the third quarter. City of London Investment Management Co. Ltd. now owns 162,984 shares of the investment management company’s stock valued at $1,944,000 after acquiring an additional 63,721 shares during the last quarter.

Shares of Pioneer Floating Rate Trust (NYSE:PHD) opened at $11.43 on Tuesday. Pioneer Floating Rate Trust has a 1 year low of $11.27 and a 1 year high of $12.45.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Thursday, February 15th.

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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.

Want to see what other hedge funds are holding PHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pioneer Floating Rate Trust (NYSE:PHD).

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

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