Voya Prime Rate Trust (NYSE:PPR) Major Shareholder Saba Capital Management, L.P. Acquires 162,264 Shares

Voya Prime Rate Trust (NYSE:PPR) major shareholder Saba Capital Management, L.P. bought 162,264 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $5.17 per share, for a total transaction of $838,904.88. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 shares were purchased at an average cost of $5.16 per share, for a total transaction of $1,523,892.48.
  • On Monday, February 3rd, Saba Capital Management, L.P. bought 83,750 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.14 per share, for a total transaction of $430,475.00.
  • On Friday, January 31st, Saba Capital Management, L.P. bought 1,318,243 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.14 per share, for a total transaction of $6,775,769.02.
  • On Wednesday, January 29th, Saba Capital Management, L.P. bought 581,613 shares of Voya Prime Rate Trust stock. The shares were purchased at an average cost of $5.15 per share, for a total transaction of $2,995,306.95.
  • On Monday, January 27th, Saba Capital Management, L.P. bought 292,584 shares of Voya Prime Rate Trust stock. The shares were 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. bought 402,824 shares of Voya Prime Rate Trust stock. The shares were 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. bought 69,005 shares of Voya Prime Rate Trust stock. The shares were 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, for a total transaction of $814,968.35.
  • On Wednesday, January 15th, Saba Capital Management, L.P. purchased 55,778 shares of Voya Prime Rate Trust stock. The stock was bought at an average cost of $5.09 per share, with a total value of $283,910.02.

PPR stock opened at $5.17 on Friday. Voya Prime Rate Trust has a one year low of $4.63 and a one year high of $5.18. The firm has a 50 day simple moving average of $5.10 and a two-hundred day simple moving average of $4.85.

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

Hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC grew its stake in Voya Prime Rate Trust by 4,325.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 8,850 shares of the investment management company’s stock worth $41,000 after buying an additional 8,650 shares in the last quarter. Integrated Advisors Network LLC purchased a new position in Voya Prime Rate Trust in the 4th quarter worth approximately $50,000. Integrated Capital Management Inc. grew its stake in Voya Prime Rate Trust by 29.2% in the 3rd quarter. Integrated Capital Management Inc. now owns 13,192 shares of the investment management company’s stock worth $62,000 after buying an additional 2,985 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Voya Prime Rate Trust in the 4th quarter worth approximately $107,000. Finally, Voit & Company LLC purchased a new position in Voya Prime Rate Trust in the 4th quarter worth approximately $139,000.

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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