Shaker Financial Services LLC acquired a new stake in Voya Prime Rate Trust (NYSE:PPR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,000 shares of the investment management company’s stock, valued at approximately $229,000.

Other large investors have also recently made changes to their positions in the company. Next Capital Management LLC acquired a new stake in shares of Voya Prime Rate Trust during the 4th quarter valued at approximately $6,644,000. RMB Capital Management LLC lifted its position in shares of Voya Prime Rate Trust by 187.4% during the 4th quarter. RMB Capital Management LLC now owns 1,261,756 shares of the investment management company’s stock valued at $5,665,000 after acquiring an additional 822,716 shares during the period. Beach Point Capital Management LP acquired a new stake in shares of Voya Prime Rate Trust during the 1st quarter valued at approximately $3,473,000. Sit Investment Associates Inc. lifted its position in shares of Voya Prime Rate Trust by 129.5% during the 4th quarter. Sit Investment Associates Inc. now owns 688,614 shares of the investment management company’s stock valued at $3,092,000 after acquiring an additional 388,559 shares during the period. Finally, Relative Value Partners Group LLC lifted its position in shares of Voya Prime Rate Trust by 7.4% during the 4th quarter. Relative Value Partners Group LLC now owns 3,991,994 shares of the investment management company’s stock valued at $18,032,000 after acquiring an additional 275,539 shares during the period.

Shares of PPR stock remained flat at $$4.78 during midday trading on Thursday. 350,173 shares of the stock were exchanged, compared to its average volume of 404,685. Voya Prime Rate Trust has a 52 week low of $4.39 and a 52 week high of $5.14.

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 10th will be given a dividend of $0.027 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.78%.

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Voya Prime Rate Trust 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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