Voya Prime Rate Trust (NYSE:PPR) Major Shareholder Acquires $838,904.88 in Stock

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Voya Prime Rate Trust (NYSE:PPR) major shareholder Saba Capital Management, L.P. acquired 162,264 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $5.17 per share, with a total value of $838,904.88. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Monday, February 10th, Saba Capital Management, L.P. acquired 167,647 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.17 per share, with a total value of $866,734.99.
  • On Thursday, February 6th, Saba Capital Management, L.P. acquired 295,328 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.16 per share, with a total value of $1,523,892.48.
  • On Monday, February 3rd, Saba Capital Management, L.P. acquired 83,750 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.14 per share, with a total value of $430,475.00.
  • On Friday, January 31st, Saba Capital Management, L.P. acquired 1,318,243 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.14 per share, with a total value of $6,775,769.02.
  • On Wednesday, January 29th, Saba Capital Management, L.P. acquired 581,613 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.15 per share, with a total value of $2,995,306.95.
  • On Monday, January 27th, Saba Capital Management, L.P. acquired 292,584 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.12 per share, with a total value of $1,498,030.08.
  • On Thursday, January 23rd, Saba Capital Management, L.P. acquired 402,824 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.13 per share, with a total value of $2,066,487.12.
  • On Tuesday, January 21st, Saba Capital Management, L.P. acquired 69,005 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.10 per share, with a total value of $351,925.50.
  • On Friday, January 17th, Saba Capital Management, L.P. acquired 159,485 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.11 per share, with a total value of $814,968.35.
  • On Wednesday, January 15th, Saba Capital Management, L.P. acquired 55,778 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.09 per share, with a total value of $283,910.02.

Shares of NYSE PPR opened at $5.17 on Friday. The firm has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $4.85. Voya Prime Rate Trust has a 12 month low of $4.63 and a 12 month high of $5.18.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 25th. Investors of record on Monday, February 10th will be paid a $0.0229 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.27 annualized dividend and a dividend yield of 5.32%.

Institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC increased its stake in shares of Voya Prime Rate Trust by 4,325.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 8,850 shares of the investment management company’s stock worth $41,000 after acquiring an additional 8,650 shares in the last quarter. Integrated Advisors Network LLC bought a new position in shares of Voya Prime Rate Trust in the 4th quarter worth about $50,000. Integrated Capital Management Inc. increased its stake in shares of Voya Prime Rate Trust by 29.2% in the 3rd quarter. Integrated Capital Management Inc. now owns 13,192 shares of the investment management company’s stock worth $62,000 after acquiring an additional 2,985 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Voya Prime Rate Trust in the 4th quarter worth about $107,000. Finally, Voit & Company LLC bought a new position in shares of Voya Prime Rate Trust in the 4th quarter worth about $139,000.

Voya Prime Rate Trust Company Profile

Voya Prime Rate Trust is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and Voya Investment Management Co LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.

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Insider Buying and Selling by Quarter for Voya Prime Rate Trust (NYSE:PPR)

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