Voya Prime Rate Trust (NYSE:PPR) Director Michael J. Roland sold 49,250 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $5.21, for a total transaction of $256,592.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
Voya Prime Rate Trust (NYSE:PPR) traded up 0.19% during midday trading on Friday, reaching $5.20. 224,208 shares of the company were exchanged. The company has a 50-day moving average of $5.19 and a 200 day moving average of $5.31. Voya Prime Rate Trust has a 52 week low of $5.14 and a 52 week high of $5.62.
The company also recently announced a monthly dividend, which will be paid on Monday, October 23rd. Investors of record on Tuesday, October 10th will be issued a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend is Friday, October 6th.
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Several institutional investors have recently added to or reduced their stakes in PPR. Virtu KCG Holdings LLC acquired a new position in Voya Prime Rate Trust in the second quarter valued at approximately $124,000. Bronfman E.L. Rothschild L.P. acquired a new position in Voya Prime Rate Trust in the second quarter valued at approximately $132,000. First Allied Advisory Services Inc. lifted its holdings in Voya Prime Rate Trust by 202.7% in the second quarter. First Allied Advisory Services Inc. now owns 43,860 shares of the investment management company’s stock valued at $235,000 after acquiring an additional 29,370 shares during the period. Doliver Capital Advisors LP acquired a new position in Voya Prime Rate Trust in the second quarter valued at approximately $267,000. Finally, Ameriprise Financial Inc. lifted its holdings in Voya Prime Rate Trust by 107.3% in the second quarter. Ameriprise Financial Inc. now owns 56,342 shares of the investment management company’s stock valued at $303,000 after acquiring an additional 29,160 shares during the period.
Voya Prime Rate Trust Company 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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