Next Capital Management LLC Increases Stock Holdings in Voya Prime Rate Trust (NYSE:PPR)

Next Capital Management LLC lifted its position in shares of Voya Prime Rate Trust (NYSE:PPR) by 18.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,480,514 shares of the investment management company’s stock after purchasing an additional 227,260 shares during the period. Voya Prime Rate Trust accounts for approximately 4.7% of Next Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Next Capital Management LLC’s holdings in Voya Prime Rate Trust were worth $7,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. increased its stake in Voya Prime Rate Trust by 12.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 3,605,783 shares of the investment management company’s stock worth $17,236,000 after acquiring an additional 409,592 shares during the period. Beach Point Capital Management LP bought a new position in Voya Prime Rate Trust during the 1st quarter worth $3,473,000. Raymond James Financial Services Advisors Inc. increased its stake in Voya Prime Rate Trust by 35.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 214,281 shares of the investment management company’s stock worth $1,024,000 after acquiring an additional 55,854 shares during the period. Shufro Rose & Co. LLC increased its stake in Voya Prime Rate Trust by 8.8% during the 2nd quarter. Shufro Rose & Co. LLC now owns 173,000 shares of the investment management company’s stock worth $823,000 after acquiring an additional 14,000 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Voya Prime Rate Trust by 96.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 122,188 shares of the investment management company’s stock worth $582,000 after acquiring an additional 59,981 shares during the period.

Voya Prime Rate Trust stock traded up $0.02 during mid-day trading on Friday, reaching $4.65. 2,400 shares of the company were exchanged, compared to its average volume of 371,934. The company has a fifty day simple moving average of $4.77 and a 200-day simple moving average of $4.78. Voya Prime Rate Trust has a 12 month low of $4.39 and a 12 month high of $5.02.



The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Monday, August 12th will be paid a dividend of $0.027 per share. The ex-dividend date is Friday, August 9th. This represents a $0.32 dividend on an annualized basis and a yield of 6.97%.

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.

See Also: What does a hold rating mean?

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

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

Receive News & Ratings for Voya Prime Rate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Prime Rate Trust and related companies with MarketBeat.com's FREE daily email newsletter.