Round Table Services Lowers stake in Pioneer Floating Rate Trust (PHD)

Pioneer Floating Rate Trust (PHD) : Round Table Services reduced its stake in Pioneer Floating Rate Trust by 3.01% during the most recent quarter end. The investment management company now holds a total of 139,263 shares of Pioneer Floating Rate Trust which is valued at $1,530,500 after selling 4,327 shares in Pioneer Floating Rate Trust , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Pioneer Floating Rate Trust makes up approximately 0.94% of Round Table Services’s portfolio.

Pioneer Floating Rate Trust opened for trading at $11.16 and hit $11.24 on the upside on Wednesday, eventually ending the session at $11.22, with a gain of 0.81% or 0.09 points. The heightened volatility saw the trading volume jump to 42,856 shares. Company has a market cap of $253 M.

Other Hedge Funds, Including , Horizon Kinetics reduced its stake in PHD by selling 3,081 shares or 5.58% in the most recent quarter. The Hedge Fund company now holds 52,148 shares of PHD which is valued at $573,107. Pioneer Floating Rate Trust makes up approx 0.02% of Horizon Kinetics’s portfolio.Capital Investment Advisors boosted its stake in PHD in the latest quarter, The investment management firm added 43,052 additional shares and now holds a total of 229,740 shares of Pioneer Floating Rate Trust which is valued at $2,524,843. Pioneer Floating Rate Trust makes up approx 0.25% of Capital Investment Advisors’s portfolio.Gradient Investments reduced its stake in PHD by selling 970 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 270,553 shares of PHD which is valued at $2,973,377. Pioneer Floating Rate Trust makes up approx 0.37% of Gradient Investments’s portfolio.Financial Investment Management Group Ltd boosted its stake in PHD in the latest quarter, The investment management firm added 11,307 additional shares and now holds a total of 489,516 shares of Pioneer Floating Rate Trust which is valued at $5,379,781. Pioneer Floating Rate Trust makes up approx 1.42% of Financial Investment Management Group Ltd’s portfolio.Creative Planning reduced its stake in PHD by selling 2,358 shares or 82.51% in the most recent quarter. The Hedge Fund company now holds 500 shares of PHD which is valued at $5,485.

Pioneer Floating Rate Trust is a closed-end management investment company. The Trust is a diversified fund. The Fund’s objective is to provide a high level of current income. The Fund as a secondary objective also seeks preservation of capital to the extent consistent with its primary objective of high current income. It invests primarily in senior loans. The Fund may also invest in other floating and variable rate instruments including second lien loans investment grade fixed-income debt securities and high yield high risk corporate bonds. The Fund may also invest in below investment grade securities. It may use leverage through the issuance of preferred shares with an aggregate liquidation preference of up to 33 1/3% of the Fund’s total assets after such issuance. Pioneer Investment Management Inc serves as the investment adviser to the Fund.

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