Baillie Gifford & Co. increased its holdings in shares of Voya Prime Rate Trust (NYSE:PPR) by 7.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,197,576 shares of the investment management company’s stock after purchasing an additional 533,570 shares during the period. Baillie Gifford & Co. owned 5.55% of Voya Prime Rate Trust worth $44,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PPR. Eaton Vance Management bought a new position in shares of Voya Prime Rate Trust during the second quarter valued at approximately $5,493,000. Stratos Wealth Partners LTD. bought a new position in shares of Voya Prime Rate Trust during the second quarter valued at approximately $541,000. Shaker Financial Services LLC boosted its stake in shares of Voya Prime Rate Trust by 72.1% during the second quarter. Shaker Financial Services LLC now owns 101,224 shares of the investment management company’s stock valued at $545,000 after purchasing an additional 42,424 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Voya Prime Rate Trust by 22.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 225,587 shares of the investment management company’s stock valued at $1,214,000 after purchasing an additional 40,650 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. bought a new position in shares of Voya Prime Rate Trust during the second quarter valued at approximately $132,000.

Voya Prime Rate Trust (NYSE:PPR) traded up 0.39% during trading on Monday, hitting $5.20. 42,101 shares of the stock were exchanged. The stock’s 50 day moving average price is $5.24 and its 200 day moving average price is $5.37. Voya Prime Rate Trust has a 12 month low of $5.14 and a 12 month high of $5.62.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 22nd. Investors of record on Monday, September 11th will be paid a dividend of $0.024 per share. This represents a $0.29 annualized dividend and a yield of 5.56%. The ex-dividend date is Friday, September 8th.

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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.

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

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