Voya Prime Rate Trust (NYSE:PPR) major shareholder Saba Capital Management, L.P. acquired 255,082 shares of the stock in a transaction dated Monday, January 13th. The stock was bought at an average price of $5.07 per share, with a total value of $1,293,265.74. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Friday, January 10th, Saba Capital Management, L.P. acquired 88,843 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.07 per share, with a total value of $450,434.01.
  • On Wednesday, January 8th, Saba Capital Management, L.P. acquired 1,479,055 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.06 per share, with a total value of $7,484,018.30.
  • On Monday, January 6th, Saba Capital Management, L.P. acquired 115,105 shares of Voya Prime Rate Trust stock. The stock was bought at an average price of $5.03 per share, with a total value of $578,978.15.
  • On Thursday, January 2nd, Saba Capital Management, L.P. purchased 95,435 shares of Voya Prime Rate Trust stock. The stock was acquired at an average cost of $5.02 per share, with a total value of $479,083.70.
  • On Tuesday, December 31st, Saba Capital Management, L.P. purchased 350,094 shares of Voya Prime Rate Trust stock. The stock was acquired at an average cost of $5.04 per share, with a total value of $1,764,473.76.
  • On Friday, December 27th, Saba Capital Management, L.P. purchased 290,904 shares of Voya Prime Rate Trust stock. The stock was acquired at an average cost of $5.00 per share, with a total value of $1,454,520.00.
  • On Tuesday, December 24th, Saba Capital Management, L.P. purchased 259,077 shares of Voya Prime Rate Trust stock. The stock was acquired at an average cost of $4.99 per share, with a total value of $1,292,794.23.
  • On Friday, December 20th, Saba Capital Management, L.P. purchased 137,510 shares of Voya Prime Rate Trust stock. The stock was acquired at an average cost of $4.98 per share, with a total value of $684,799.80.
  • On Wednesday, December 18th, Saba Capital Management, L.P. purchased 376,071 shares of Voya Prime Rate Trust stock. The stock was acquired at an average cost of $4.97 per share, with a total value of $1,869,072.87.
  • On Monday, December 16th, Saba Capital Management, L.P. purchased 422,896 shares of Voya Prime Rate Trust stock. The stock was acquired at an average cost of $4.95 per share, with a total value of $2,093,335.20.

NYSE PPR remained flat at $$5.07 during mid-day trading on Tuesday. 15,311 shares of the company traded hands, compared to its average volume of 895,550. The firm’s fifty day moving average price is $4.95 and its 200 day moving average price is $4.79. Voya Prime Rate Trust has a twelve month low of $4.63 and a twelve month high of $5.08.

The firm also recently declared a monthly dividend, which was paid on Monday, January 13th. Investors of record on Tuesday, December 31st were given a $0.023 dividend. This represents a $0.28 annualized dividend and a yield of 5.44%. The ex-dividend date was Monday, December 30th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC boosted its holdings in shares of Voya Prime Rate Trust by 432.2% in the 4th quarter. FNY Investment Advisers LLC now owns 47,100 shares of the investment management company’s stock worth $235,000 after purchasing an additional 38,250 shares during the period. Millennium Management LLC boosted its holdings in Voya Prime Rate Trust by 140.2% during the 3rd quarter. Millennium Management LLC now owns 42,509 shares of the investment management company’s stock valued at $200,000 after acquiring an additional 24,809 shares during the period. Saba Capital Management L.P. boosted its holdings in Voya Prime Rate Trust by 20.5% during the 3rd quarter. Saba Capital Management L.P. now owns 16,280,588 shares of the investment management company’s stock valued at $76,682,000 after acquiring an additional 2,774,736 shares during the period. Stifel Financial Corp boosted its holdings in Voya Prime Rate Trust by 4.5% during the 3rd quarter. Stifel Financial Corp now owns 472,793 shares of the investment management company’s stock valued at $2,224,000 after acquiring an additional 20,198 shares during the period. Finally, Shaker Financial Services LLC boosted its holdings in Voya Prime Rate Trust by 44.8% during the 3rd quarter. Shaker Financial Services LLC now owns 172,052 shares of the investment management company’s stock valued at $810,000 after acquiring an additional 53,202 shares during the period.

About Voya Prime Rate Trust

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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Insider Buying and Selling by Quarter for Voya Prime Rate Trust (NYSE:PPR)

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