Voya Prime Rate Trust (PPR) Stake Lifted by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd lifted its position in shares of Voya Prime Rate Trust (NYSE:PPR) by 284.1% during the 3rd quarter, Holdings Channel reports. The firm owned 553,900 shares of the investment management company’s stock after purchasing an additional 409,700 shares during the quarter. NINE MASTS CAPITAL Ltd’s holdings in Voya Prime Rate Trust were worth $2,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC increased its stake in shares of Voya Prime Rate Trust by 4.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 5,028,904 shares of the investment management company’s stock worth $25,044,000 after purchasing an additional 224,046 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Voya Prime Rate Trust during the 3rd quarter worth about $1,119,000. Lido Advisors LLC increased its stake in shares of Voya Prime Rate Trust by 38.1% during the 3rd quarter. Lido Advisors LLC now owns 62,915 shares of the investment management company’s stock worth $313,000 after purchasing an additional 17,352 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Voya Prime Rate Trust by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,046,793 shares of the investment management company’s stock worth $25,133,000 after purchasing an additional 30,994 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. increased its stake in shares of Voya Prime Rate Trust by 21.2% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,062,806 shares of the investment management company’s stock worth $5,298,000 after purchasing an additional 186,100 shares during the last quarter.

Shares of Voya Prime Rate Trust stock traded down $0.01 during trading on Thursday, hitting $4.70. 86,173 shares of the stock were exchanged, compared to its average volume of 412,323. Voya Prime Rate Trust has a 1-year low of $4.71 and a 1-year high of $5.22.

The business also recently declared a monthly dividend, which will be paid on Monday, December 24th. Investors of record on Monday, December 10th will be paid a $0.0259 dividend. The ex-dividend date of this dividend is Friday, December 7th. This represents a $0.31 dividend on an annualized basis and a yield of 6.61%.

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

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