Commonwealth Equity Services Inc increased its stake in Voya Prime Rate Trust (NYSE:PPR) by 38.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,135 shares of the investment management company’s stock after buying an additional 16,641 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Voya Prime Rate Trust were worth $314,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PPR. Stratos Wealth Partners LTD. acquired a new stake in shares of Voya Prime Rate Trust in the 2nd quarter valued at approximately $541,000. Shaker Financial Services LLC boosted its holdings in shares of Voya Prime Rate Trust by 72.1% in the 2nd quarter. Shaker Financial Services LLC now owns 101,224 shares of the investment management company’s stock valued at $545,000 after buying an additional 42,424 shares during the last quarter. NTV Asset Management LLC boosted its holdings in shares of Voya Prime Rate Trust by 17.9% in the 2nd quarter. NTV Asset Management LLC now owns 66,000 shares of the investment management company’s stock valued at $355,000 after buying an additional 10,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Voya Prime Rate Trust by 22.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 225,587 shares of the investment management company’s stock valued at $1,214,000 after buying an additional 40,650 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. acquired a new stake in shares of Voya Prime Rate Trust in the 2nd quarter valued at approximately $132,000.
In other news, Director Michael J. Roland sold 49,250 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $5.21, for a total value of $256,592.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Monday, December 11th will be issued a $0.0215 dividend. This represents a $0.26 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Friday, December 8th.
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Voya Prime Rate Trust Profile
Voya Prime Rate Trust (the Trust) is a diversified, closed-end management investment company. The Trust seeks to provide investors with as high a level of current income as is consistent with the preservation of capital. The Trust seeks to achieve this objective by investing, under normal market conditions, approximately 80% of its net assets, plus borrowings for investment purposes, in United States dollar denominated floating rate secured senior loans.
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