Voya Prime Rate Trust (PPR) Stake Boosted by OTA Financial Group L.P.

OTA Financial Group L.P. lifted its holdings in Voya Prime Rate Trust (NYSE:PPR) by 45.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,614 shares of the investment management company’s stock after purchasing an additional 48,102 shares during the period. OTA Financial Group L.P. owned 0.10% of Voya Prime Rate Trust worth $778,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of PPR. Two Sigma Securities LLC bought a new position in shares of Voya Prime Rate Trust in the fourth quarter worth about $149,000. Advisor Group Inc. grew its position in Voya Prime Rate Trust by 110.0% during the third quarter. Advisor Group Inc. now owns 28,857 shares of the investment management company’s stock worth $151,000 after buying an additional 15,113 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Voya Prime Rate Trust during the fourth quarter worth about $155,000. Commonwealth Equity Services Inc grew its position in Voya Prime Rate Trust by 38.3% during the third quarter. Commonwealth Equity Services Inc now owns 60,135 shares of the investment management company’s stock worth $314,000 after buying an additional 16,641 shares in the last quarter. Finally, Millennium Management LLC grew its position in Voya Prime Rate Trust by 82.9% during the fourth quarter. Millennium Management LLC now owns 74,129 shares of the investment management company’s stock worth $376,000 after buying an additional 33,608 shares in the last quarter.

Separately, AltaCorp Capital reissued a “buy” rating and set a $0.60 target price on shares of Voya Prime Rate Trust in a research report on Monday, January 15th.

Shares of Voya Prime Rate Trust (PPR) opened at $5.13 on Friday. Voya Prime Rate Trust has a 1 year low of $4.97 and a 1 year high of $5.50.

The company also recently announced a monthly dividend, which was paid on Thursday, March 22nd. Investors of record on Monday, March 12th were given a dividend of $0.0208 per share. This represents a $0.25 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Friday, March 9th.

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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.

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

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