HighTower Advisors LLC acquired a new stake in Voya Prime Rate Trust (NYSE:PPR) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,792 shares of the investment management company’s stock, valued at approximately $93,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in PPR. Integrated Capital Management Inc. raised its holdings in Voya Prime Rate Trust by 15.9% in the first quarter. Integrated Capital Management Inc. now owns 29,927 shares of the investment management company’s stock worth $139,000 after purchasing an additional 4,096 shares during the period. Park Avenue Securities LLC raised its holdings in Voya Prime Rate Trust by 6.5% in the first quarter. Park Avenue Securities LLC now owns 177,620 shares of the investment management company’s stock worth $824,000 after purchasing an additional 10,880 shares during the period. Jaffetilchin Investment Partners LLC acquired a new stake in Voya Prime Rate Trust in the fourth quarter worth $56,000. Sigma Planning Corp acquired a new stake in Voya Prime Rate Trust in the first quarter worth $60,000. Finally, LPL Financial LLC raised its holdings in Voya Prime Rate Trust by 44.9% in the fourth quarter. LPL Financial LLC now owns 44,214 shares of the investment management company’s stock worth $198,000 after purchasing an additional 13,693 shares during the period.
In related news, major shareholder Saba Capital Management, L.P. sold 27,468 shares of the firm’s stock in a transaction on Wednesday, April 14th. The shares were sold at an average price of $4.65, for a total transaction of $127,726.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 539,704 shares of company stock worth $2,501,433.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 22nd. Investors of record on Thursday, June 10th were issued a dividend of $0.0067 per share. The ex-dividend date was Wednesday, June 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.72%.
Voya Prime Rate Trust Company Profile
Saba Cap Income & Opportunities Fund operates as a diversified, closed-end management investment company. It seeks to provide investors with as high a level of current income as is consistent with the preservation of capital. The company was founded on December 2, 1987 and is headquartered in Scottsdale, AZ.
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