Institutional Investor Sentiment About Pioneer Floating Rate Trust (NYSE:PHD) Up

July 26, 2017 - By Nellie Frank

 Institutional Investor Sentiment About Pioneer Floating Rate Trust (NYSE:PHD)  Up

Sentiment for Pioneer Floating Rate Trust (NYSE:PHD)

Pioneer Floating Rate Trust (NYSE:PHD) institutional sentiment decreased to 0.8 in Q4 2016. Its down -0.14, from 0.94 in 2016Q3. The ratio has dropped, as 16 institutional investors increased and opened new equity positions, while 20 reduced and sold positions in Pioneer Floating Rate Trust. The institutional investors in our partner’s database reported: 7.65 million shares, down from 9.30 million shares in 2016Q3. Also, the number of institutional investors holding Pioneer Floating Rate Trust in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 2 Reduced: 18 Increased: 8 New Position: 8.

Pioneer Floating Rate Trust is a diversified, closed-end management investment company. The company has market cap of $297.74 million. 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. It currently has negative earnings. The Trust invests in event-linked bonds and floating-rate bank loans.

It closed at $11.94 lastly. It is down 9.44% since July 26, 2016 and is uptrending. It has underperformed by 7.26% the S&P500.

Camarda Financial Advisors Llc holds 3.6% of its portfolio in Pioneer Floating Rate Trust for 446,407 shares. Bain Capital Credit Lp owns 190,174 shares or 1.12% of their US portfolio. Moreover, Zuckerman Investment Group Llc has 0.99% invested in the company for 341,225 shares. The Virginia-based Yorktown Management & Research Co Inc has invested 0.67% in the stock. Financial & Investment Management Group Ltd, a Michigan-based fund reported 138,507 shares.#img1#

More recent Pioneer Floating Rate Trust (NYSE:PHD) news were published by: Barrons.com which released: “4 Closed-End Fund Picks as Rates Rise, Discounts Widen” on November 14, 2016. Also Gurufocus.com published the news titled: “Camarda Wealth Advisory Group, LLLP Buys Alerian MLP, PowerShares Preferred …” on July 14, 2017. Seekingalpha.com‘s news article titled: “This Floating-Rate CEF Should Benefit From Rising Interest Rates” with publication date: June 06, 2017 was also an interesting one.

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