JPMorgan Chase & Co. cut its stake in shares of Voya Prime Rate Trust (NYSE:PPR) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,960,425 shares of the investment management company’s stock after selling 74,669 shares during the quarter. JPMorgan Chase & Co. owned approximately 3.36% of Voya Prime Rate Trust worth $26,687,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. NTV Asset Management LLC grew its stake in shares of Voya Prime Rate Trust by 17.9% during the 2nd quarter. NTV Asset Management LLC now owns 66,000 shares of the investment management company’s stock valued at $355,000 after acquiring an additional 10,000 shares during the period. Bronfman E.L. Rothschild L.P. bought a new position in shares of Voya Prime Rate Trust during the 2nd quarter valued at approximately $132,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Voya Prime Rate Trust by 22.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 225,587 shares of the investment management company’s stock valued at $1,214,000 after acquiring an additional 40,650 shares during the period. Shaker Financial Services LLC grew its stake in shares of Voya Prime Rate Trust by 72.1% during the 2nd quarter. Shaker Financial Services LLC now owns 101,224 shares of the investment management company’s stock valued at $545,000 after acquiring an additional 42,424 shares during the period. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Voya Prime Rate Trust during the 2nd quarter valued at approximately $541,000.

Voya Prime Rate Trust (NYSE PPR) opened at 5.16 on Tuesday. The company’s 50 day moving average price is $5.22 and its 200-day moving average price is $5.35. Voya Prime Rate Trust has a 52 week low of $5.14 and a 52 week high of $5.62.

The business also recently declared a monthly dividend, which will be paid on Friday, September 22nd. Investors of record on Monday, September 11th will be given a dividend of $0.024 per share. This represents a $0.29 annualized dividend and a yield of 5.58%. The ex-dividend date is Friday, September 8th.

TRADEMARK VIOLATION WARNING: “JPMorgan Chase & Co. Sells 74,669 Shares of Voya Prime Rate Trust (PPR)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/09/19/jpmorgan-chase-co-sells-74669-shares-of-voya-prime-rate-trust-ppr.html.

Voya Prime Rate Trust Company 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.

Want to see what other hedge funds are holding PPR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Voya Prime Rate Trust (NYSE:PPR).

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

Receive News & Stock Ratings for Voya Prime Rate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Prime Rate Trust and related stocks with our FREE daily email newsletter.