Rivernorth Capital Management LLC grew its holdings in Voya Prime Rate Trust (NYSE:PPR) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,871,360 shares of the investment management company’s stock after purchasing an additional 99,805 shares during the quarter. Voya Prime Rate Trust comprises about 1.6% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Rivernorth Capital Management LLC’s holdings in Voya Prime Rate Trust were worth $37,468,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Autus Asset Management LLC boosted its stake in Voya Prime Rate Trust by 21.7% in the second quarter. Autus Asset Management LLC now owns 86,330 shares of the investment management company’s stock worth $411,000 after purchasing an additional 15,405 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in shares of Voya Prime Rate Trust by 5.1% during the second quarter. Capital Investment Advisors LLC now owns 63,773 shares of the investment management company’s stock valued at $304,000 after acquiring an additional 3,093 shares during the period. Trinity Legacy Partners LLC acquired a new position in shares of Voya Prime Rate Trust during the second quarter valued at $51,000. Envestnet Asset Management Inc. lifted its stake in shares of Voya Prime Rate Trust by 96.4% during the second quarter. Envestnet Asset Management Inc. now owns 122,188 shares of the investment management company’s stock valued at $582,000 after acquiring an additional 59,981 shares during the period. Finally, Next Capital Management LLC lifted its stake in shares of Voya Prime Rate Trust by 18.1% during the second quarter. Next Capital Management LLC now owns 1,480,514 shares of the investment management company’s stock valued at $7,048,000 after acquiring an additional 227,260 shares during the period.

Shares of PPR traded up $0.03 during trading hours on Friday, hitting $4.68. 6,372 shares of the stock traded hands, compared to its average volume of 354,852. Voya Prime Rate Trust has a 1-year low of $4.39 and a 1-year high of $4.99. The business has a fifty day moving average of $4.70 and a 200-day moving average of $4.77.

The company also recently declared a — dividend, which will be paid on Monday, September 23rd. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.026 per share. This represents a dividend yield of 6.8%. The ex-dividend date is Monday, September 9th.

Voya Prime Rate Trust Company 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.

Further Reading: How Do Mutual Funds Work?

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

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