Hartland & Co. LLC acquired a new stake in Voya Prime Rate Trust (NYSE:PPR) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 333,251 shares of the investment management company’s stock, valued at approximately $1,743,000. Hartland & Co. LLC owned approximately 0.23% of Voya Prime Rate Trust at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its position in Voya Prime Rate Trust by 3.4% during the 3rd quarter. Baillie Gifford & Co. now owns 8,478,476 shares of the investment management company’s stock worth $44,342,000 after buying an additional 280,900 shares in the last quarter. Eaton Vance Management acquired a new position in shares of Voya Prime Rate Trust during the 2nd quarter worth about $5,493,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Voya Prime Rate Trust by 80.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 407,698 shares of the investment management company’s stock worth $2,132,000 after purchasing an additional 182,111 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Voya Prime Rate Trust during the 2nd quarter worth about $2,043,000. Finally, Comerica Securities Inc. increased its stake in shares of Voya Prime Rate Trust by 12.9% during the 2nd quarter. Comerica Securities Inc. now owns 351,642 shares of the investment management company’s stock worth $1,892,000 after purchasing an additional 40,050 shares during the last quarter.
In related news, Director Michael J. Roland sold 49,250 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $5.21, for a total value of $256,592.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
The company also recently disclosed a monthly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Monday, December 11th will be paid a dividend of $0.0215 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.26 annualized dividend and a dividend yield of 5.04%.
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Voya Prime Rate Trust 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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