Voya Prime Rate Trust (NYSE:PPR) Major Shareholder Buys $532,506.11 in Stock

Voya Prime Rate Trust (NYSE:PPR) major shareholder Saba Capital Management, L.P. purchased 167,983 shares of the company’s stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of $3.17 per share, for a total transaction of $532,506.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 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, March 23rd, Saba Capital Management, L.P. purchased 300,000 shares of Voya Prime Rate Trust stock. The shares were acquired at an average price of $3.14 per share, for a total transaction of $942,000.00.
  • On Wednesday, March 18th, Saba Capital Management, L.P. acquired 46,086 shares of Voya Prime Rate Trust stock. The shares were bought at an average cost of $3.82 per share, with a total value of $176,048.52.
  • On Monday, March 16th, Saba Capital Management, L.P. acquired 81,292 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $4.07 per share, with a total value of $330,858.44.
  • On Thursday, March 12th, Saba Capital Management, L.P. acquired 221,486 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $4.11 per share, with a total value of $910,307.46.
  • On Monday, March 9th, Saba Capital Management, L.P. bought 1,100 shares of Voya Prime Rate Trust stock. The shares were bought at an average price of $4.61 per share, for a total transaction of $5,071.00.
  • On Wednesday, March 4th, Saba Capital Management, L.P. bought 93,847 shares of Voya Prime Rate Trust stock. The shares were bought at an average cost of $5.02 per share, for a total transaction of $471,111.94.
  • On Friday, February 21st, Saba Capital Management, L.P. purchased 400 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 $2,056.00.
  • On Tuesday, February 18th, Saba Capital Management, L.P. purchased 722,939 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.18 per share, with a total value of $3,744,824.02.
  • On Thursday, February 13th, Saba Capital Management, L.P. purchased 162,264 shares of Voya Prime Rate Trust stock. The stock was bought at an average cost of $5.17 per share, with a total value of $838,904.88.
  • On Monday, February 10th, Saba Capital Management, L.P. acquired 167,647 shares of Voya Prime Rate Trust stock. The shares were bought at an average price of $5.17 per share, for a total transaction of $866,734.99.

PPR stock opened at $3.53 on Thursday. The company’s 50-day moving average is $4.71 and its 200-day moving average is $4.82. Voya Prime Rate Trust has a 1 year low of $2.95 and a 1 year high of $5.19.

The company also recently announced a monthly dividend, which was paid on Monday, March 23rd. Stockholders of record on Tuesday, March 10th were paid a $0.0217 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.26 annualized dividend and a dividend yield of 7.38%.

A number of institutional investors have recently modified their holdings of the stock. Integrated Advisors Network LLC bought a new stake in shares of Voya Prime Rate Trust during the fourth quarter valued at approximately $50,000. Kerntke Otto McGlone Wealth Management Group bought a new position in shares of Voya Prime Rate Trust in the 4th quarter worth $79,000. Integrated Capital Management Inc. lifted its holdings in shares of Voya Prime Rate Trust by 26.6% in the 4th quarter. Integrated Capital Management Inc. now owns 16,700 shares of the investment management company’s stock worth $84,000 after purchasing an additional 3,508 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Voya Prime Rate Trust in the 4th quarter valued at $107,000. Finally, Voit & Company LLC acquired a new stake in Voya Prime Rate Trust in the 4th quarter valued at $139,000.

About Voya Prime Rate Trust

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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