Baillie Gifford & Co. Sells 4,750,000 Shares of Voya Prime Rate Trust (PPR)

Baillie Gifford & Co. decreased its position in shares of Voya Prime Rate Trust (NYSE:PPR) by 86.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 764,400 shares of the investment management company’s stock after selling 4,750,000 shares during the quarter. Baillie Gifford & Co.’s holdings in Voya Prime Rate Trust were worth $3,807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. City of London Investment Management Co. Ltd. boosted its holdings in shares of Voya Prime Rate Trust by 21.2% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,062,806 shares of the investment management company’s stock valued at $5,298,000 after acquiring an additional 186,100 shares in the last quarter. Doliver Capital Advisors LP boosted its holdings in shares of Voya Prime Rate Trust by 235.5% during the 3rd quarter. Doliver Capital Advisors LP now owns 266,280 shares of the investment management company’s stock valued at $1,326,000 after acquiring an additional 186,911 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Voya Prime Rate Trust during the 2nd quarter valued at $186,000. Shepherd Kaplan Krochuk LLC acquired a new stake in shares of Voya Prime Rate Trust during the 2nd quarter valued at $519,000. Finally, Comerica Securities Inc. boosted its holdings in shares of Voya Prime Rate Trust by 8.6% during the 3rd quarter. Comerica Securities Inc. now owns 254,333 shares of the investment management company’s stock valued at $1,267,000 after acquiring an additional 20,108 shares in the last quarter.

NYSE PPR opened at $4.71 on Monday. Voya Prime Rate Trust has a twelve month low of $4.71 and a twelve month high of $5.22.

The company also recently disclosed a monthly dividend, which was paid on Friday, November 23rd. Investors of record on Monday, November 12th were issued a dividend of $0.0265 per share. This is an increase from Voya Prime Rate Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.32 annualized dividend and a dividend yield of 6.75%.

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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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