Westbourne Investment Advisors Inc. Decreases Stake in Pioneer Floating Rate Trust (PHD)

Westbourne Investment Advisors Inc. lessened its position in Pioneer Floating Rate Trust (NYSE:PHD) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,296 shares of the investment management company’s stock after selling 1,000 shares during the quarter. Westbourne Investment Advisors Inc.’s holdings in Pioneer Floating Rate Trust were worth $554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its position in Pioneer Floating Rate Trust by 3.1% during the fourth quarter. Flagship Harbor Advisors LLC now owns 162,706 shares of the investment management company’s stock worth $1,601,000 after buying an additional 4,900 shares in the last quarter. RMB Capital Management LLC grew its stake in Pioneer Floating Rate Trust by 113.3% during the 4th quarter. RMB Capital Management LLC now owns 183,552 shares of the investment management company’s stock worth $1,806,000 after purchasing an additional 97,481 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Pioneer Floating Rate Trust by 7.1% during the 4th quarter. Capital Investment Advisors LLC now owns 415,081 shares of the investment management company’s stock worth $4,084,000 after purchasing an additional 27,445 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Pioneer Floating Rate Trust by 345.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,900 shares of the investment management company’s stock worth $88,000 after purchasing an additional 6,900 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its stake in Pioneer Floating Rate Trust by 33.1% during the 4th quarter. Sit Investment Associates Inc. now owns 93,148 shares of the investment management company’s stock worth $917,000 after purchasing an additional 23,148 shares in the last quarter.

PHD traded up $0.01 on Monday, hitting $10.62. 194 shares of the company were exchanged, compared to its average volume of 100,674. Pioneer Floating Rate Trust has a twelve month low of $9.56 and a twelve month high of $11.75.



The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 16th. This represents a $0.72 annualized dividend and a yield of 6.78%.

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Pioneer Floating Rate Trust Company Profile

Pioneer Floating Rate Trust 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.

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

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