Zazove Associates Lowered Its Pioneer Floating Rate Trust (PHD) Holding, Western Asset Global High Income Fund (EHI)’s Sentiment Is 1.39

June 28, 2017 - By Kurt Siggers

Zazove Associates Llc decreased Pioneer Floating Rate Trust (PHD) stake by 99.24% reported in 2016Q4 SEC filing. Zazove Associates Llc sold 6.23 million shares as Pioneer Floating Rate Trust (PHD)’s stock declined 1.55%. The Zazove Associates Llc holds 47,798 shares with $567,000 value, down from 6.28M last quarter. Pioneer Floating Rate Trust now has $285.98M valuation. The stock decreased 0.51% or $0.06 during the last trading session, reaching $11.6. About shares traded. Pioneer Floating Rate Trust (NYSE:PHD) has risen 9.44% since June 28, 2016 and is uptrending. It has underperformed by 7.26% the S&P500.

Western Asset Global High Income Fund Inc. is a non-diversified, closed-end management investment company. The company has market cap of $452.88 million. The Fund’s primary investment objective is high current income and its secondary investment objective is total return. It currently has negative earnings. Under normal market conditions, the Fund invests in a global portfolio of securities consisting of below investment grade fixed-income securities, emerging market fixed-income securities and investment grade fixed-income securities.

Zazove Associates Llc increased Greenbrier Companies (Prn) stake by 4.62 million shares to 29.34 million valued at $36.83 million in 2016Q4. It also upped Liberty Media (Prn) stake by 92.16M shares and now owns 92.86 million shares. Air Lease Corporation (Prn) was raised too.

Investors sentiment decreased to 0.8 in 2016 Q4. Its down 0.14, from 0.94 in 2016Q3. It fall, as 2 investors sold PHD shares while 18 reduced holdings. 8 funds opened positions while 8 raised stakes. 7.65 million shares or 17.74% less from 9.30 million shares in 2016Q3 were reported. Camarda Limited Liability Corp invested in 446,407 shares. Minnesota-based Gradient Investments Limited Liability Com has invested 0.38% in Pioneer Floating Rate Trust (NYSE:PHD). The Massachusetts-based Bain Cap Credit Lp has invested 1.12% in Pioneer Floating Rate Trust (NYSE:PHD). Royal Bancorporation Of Canada holds 0% or 60,600 shares. Nuveen Asset Mngmt Lc reported 122,036 shares. 11,100 were reported by Stratos Wealth Ptnrs. Raymond James Assoc holds 0% or 13,093 shares in its portfolio. Natl Bank Of America De has invested 0% of its portfolio in Pioneer Floating Rate Trust (NYSE:PHD). West Oak Lc owns 0% invested in Pioneer Floating Rate Trust (NYSE:PHD) for 1,000 shares. Shaker Svcs, Virginia-based fund reported 12,000 shares. Creative Planning stated it has 0% in Pioneer Floating Rate Trust (NYSE:PHD). Morgan Stanley holds 358,605 shares. Ameriprise Fincl Incorporated holds 0% of its portfolio in Pioneer Floating Rate Trust (NYSE:PHD) for 39,219 shares. Bessemer Grp reported 626,717 shares. Envestnet Asset Incorporated has invested 0% in Pioneer Floating Rate Trust (NYSE:PHD).

Shaker Financial Services Llc holds 1.64% of its portfolio in Western Asset Global High Income Fnd Inc for 281,436 shares. Doliver Capital Advisors Inc. owns 72,503 shares or 0.61% of their US portfolio. Moreover, Saba Capital Management L.P. has 0.37% invested in the company for 366,687 shares. The Illinois-based Rivernorth Capital Management Llc has invested 0.3% in the stock. Capital Investment Advisors Llc, a Georgia-based fund reported 260,128 shares.

The stock decreased 0.30% or $0.03 on June 27, reaching $10.04. About shares traded. Western Asset Global High Income Fnd Inc (EHI) has risen 11.27% since June 28, 2016 and is uptrending. It has underperformed by 5.43% the S&P500.