Bain Capital Credit Lp buys $4,618,802 stake in Pioneer Floating Rate Trust (PHD)

Pioneer Floating Rate Trust (PHD) : Bain Capital Credit Lp scooped up 4,530 additional shares in Pioneer Floating Rate Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 404,803 shares of Pioneer Floating Rate Trust which is valued at $4,618,802.Pioneer Floating Rate Trust makes up approximately 2.88% of Bain Capital Credit Lp’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc added PHD to its portfolio by purchasing 3,823 company shares during the most recent quarter which is valued at $43,620.Yorktown Management Research Co Inc reduced its stake in PHD by selling 35,400 shares or 13.73% in the most recent quarter. The Hedge Fund company now holds 222,451 shares of PHD which is valued at $2,538,166. Pioneer Floating Rate Trust makes up approx 0.56% of Yorktown Management Research Co Inc’s portfolio.Raymond James Financial Services Advisors boosted its stake in PHD in the latest quarter, The investment management firm added 9,317 additional shares and now holds a total of 34,106 shares of Pioneer Floating Rate Trust which is valued at $389,149.Advisors Asset Management boosted its stake in PHD in the latest quarter, The investment management firm added 31,116 additional shares and now holds a total of 564,682 shares of Pioneer Floating Rate Trust which is valued at $6,426,081. Pioneer Floating Rate Trust makes up approx 0.10% of Advisors Asset Management’s portfolio.

Pioneer Floating Rate Trust closed down -0.01 points or -0.09% at $11.51 with 50,895 shares getting traded on Thursday. Post opening the session at $11.53, the shares hit an intraday low of $11.48 and an intraday high of $11.548 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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