Cetera Advisors LLC Sells 31,550 Shares of Voya Prime Rate Trust (PPR)
Cetera Advisors LLC decreased its position in Voya Prime Rate Trust (NYSE:PPR) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 347,851 shares of the investment management company’s stock after selling 31,550 shares during the quarter. Cetera Advisors LLC owned about 0.24% of Voya Prime Rate Trust worth $1,818,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hartland & Co. LLC acquired a new stake in Voya Prime Rate Trust in the 3rd quarter worth approximately $1,743,000. Baillie Gifford & Co. lifted its holdings in Voya Prime Rate Trust by 7.0% in the 2nd quarter. Baillie Gifford & Co. now owns 8,197,576 shares of the investment management company’s stock worth $44,103,000 after purchasing an additional 533,570 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Voya Prime Rate Trust by 107.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 56,342 shares of the investment management company’s stock worth $303,000 after purchasing an additional 29,160 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Voya Prime Rate Trust by 80.7% in 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. Finally, City of London Investment Management Co. Ltd. acquired a new stake in Voya Prime Rate Trust in the 3rd quarter worth approximately $3,898,000.
In related news, Director Michael J. Roland sold 49,250 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $5.21, for a total value of $256,592.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
The business also recently announced a monthly dividend, which will be paid on Friday, December 22nd. Investors of record on Monday, December 11th will be issued a $0.0215 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.26 annualized dividend and a yield of 5.05%.
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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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