United Capital Financial Advisers LLC Trims Position in Ing Prime Rate Trust (PPR)

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United Capital Financial Advisers LLC cut its stake in Ing Prime Rate Trust (NYSE:PPR) by 10.5% in the first quarter, Holdings Channel reports. The fund owned 251,583 shares of the investment management company’s stock after selling 29,387 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Ing Prime Rate Trust were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in PPR. Relative Value Partners Group LLC lifted its position in Ing Prime Rate Trust by 91.3% in the first quarter. Relative Value Partners Group LLC now owns 2,109,830 shares of the investment management company’s stock valued at $10,992,000 after acquiring an additional 1,006,718 shares during the last quarter. UBS Group AG lifted its position in Ing Prime Rate Trust by 37.0% in the first quarter. UBS Group AG now owns 742,544 shares of the investment management company’s stock valued at $3,869,000 after acquiring an additional 200,611 shares during the last quarter. Wolverine Asset Management LLC lifted its position in Ing Prime Rate Trust by 88.5% in the fourth quarter. Wolverine Asset Management LLC now owns 349,887 shares of the investment management company’s stock valued at $1,773,000 after acquiring an additional 164,319 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its position in Ing Prime Rate Trust by 13.7% in the first quarter. City of London Investment Management Co. Ltd. now owns 876,706 shares of the investment management company’s stock valued at $4,563,000 after acquiring an additional 105,593 shares during the last quarter. Finally, Shufro Rose & Co. LLC lifted its position in Ing Prime Rate Trust by 79.5% in the first quarter. Shufro Rose & Co. LLC now owns 149,000 shares of the investment management company’s stock valued at $776,000 after acquiring an additional 66,000 shares during the last quarter.

Shares of PPR opened at $5.06 on Monday. Ing Prime Rate Trust has a 1-year low of $4.97 and a 1-year high of $5.38.

The business also recently declared a monthly dividend, which was paid on Friday, June 22nd. Investors of record on Monday, June 11th were given a $0.0242 dividend. The ex-dividend date was Friday, June 8th. This is a boost from Ing Prime Rate Trust’s previous monthly dividend of $0.02. This represents a $0.29 dividend on an annualized basis and a yield of 5.74%.

About Ing Prime Rate Trust

There is no company description available for Voya Prime Rate Trust.

Want to see what other hedge funds are holding PPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ing Prime Rate Trust (NYSE:PPR).

Institutional Ownership by Quarter for Ing Prime Rate Trust (NYSE:PPR)

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