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

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 dated 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 sales and purchases with the SEC.

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

  • On Monday, February 10th, Saba Capital Management, L.P. bought 167,647 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.17 per share, for a total transaction of $866,734.99.
  • On Thursday, February 6th, Saba Capital Management, L.P. bought 295,328 shares of Voya Prime Rate Trust stock. The stock was purchased 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. purchased 83,750 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.14 per share, with a total value of $430,475.00.
  • On Friday, January 31st, Saba Capital Management, L.P. purchased 1,318,243 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.14 per share, with a total value of $6,775,769.02.
  • On Wednesday, January 29th, Saba Capital Management, L.P. purchased 581,613 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost 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 purchased at an average cost of $5.12 per share, for a total transaction 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 purchased at an average cost of $5.13 per share, for a total transaction 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 purchased at an average cost of $5.10 per share, for a total transaction of $351,925.50.
  • On Friday, January 17th, Saba Capital Management, L.P. bought 159,485 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.11 per share, with a total value of $814,968.35.
  • On Wednesday, January 15th, Saba Capital Management, L.P. bought 55,778 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.09 per share, for a total transaction of $283,910.02.

NYSE:PPR traded up $0.01 during mid-day trading on Friday, reaching $5.17. 393,303 shares of the stock were exchanged, compared to its average volume of 699,188. The business has a fifty day moving average price of $5.09 and a 200 day moving average price of $4.85. Voya Prime Rate Trust has a 1-year low of $4.63 and a 1-year high of $5.18.

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

A number of hedge funds and other institutional investors have recently modified their holdings of PPR. Saba Capital Management L.P. lifted its position in shares of Voya Prime Rate Trust by 20.5% during the 3rd quarter. Saba Capital Management L.P. now owns 16,280,588 shares of the investment management company’s stock valued at $76,682,000 after acquiring an additional 2,774,736 shares during the last quarter. City of London Investment Management Co. Ltd. acquired a new position in shares of Voya Prime Rate Trust in the 4th quarter worth $2,826,000. Chapwood Capital Investment Management LLC acquired a new stake in shares of Voya Prime Rate Trust during the fourth quarter worth $2,292,000. Penserra Capital Management LLC acquired a new stake in shares of Voya Prime Rate Trust during the fourth quarter worth $2,329,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Voya Prime Rate Trust by 12.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,605,783 shares of the investment management company’s stock valued at $17,236,000 after purchasing an additional 409,592 shares during the last quarter.

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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