Voya Prime Rate Trust (PPR): Michael J Roland , director of Voya Prime Rate Trust purchased 49,250 shares on Jun 29, 2016. The Insider buying transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.09 per share for a total value of $250,436.22 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 30, 2016, Michael J Roland (director) purchased 49,250 shares at $5.09 per share price.On Oct 26, 2015, Kimberly A Anderson (Senior Vice President) purchased 200 shares at $5.13 per share price.Also, On Jan 30, 2015, Mark Weber (Executive Vice President) purchased 9,940 shares at $5.27 per share price.
Voya Prime Rate Trust: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Voya Prime Rate Trust which led to swings in the share price. The shares opened for trading at $5.05 and hit $5.09 on the upside , eventually ending the session at $5.08, with a gain of 0.99% or 0.05 points. The heightened volatility saw the trading volume jump to 4,96,000 shares. The 52-week high of the share price is $5.45 and the company has a market cap of $696 M . The 52-week low of the share price is at $4.51.
Voya Prime Rate Fund (the Fund) is a diversified closed-end management investment company. The Fund seeks to provide investors with as high a level of current income as is consistent with the preservation of capital. The Fund seeks to achieve this objective by investing normally at least 80% of its net assets plus the amount of any borrowings for investment purposes in the United States dollar denominated floating rate secured senior loans. The Fund may invest in subordinated loans and in unsecured loans. The Fund’s investment portfolio includes healthcare electronics or electrical business equipment and services retailers telecommunications lodging and casinos automotive diversified insurance chemicals and plastics and leisure goods or activities or movies. The Fund’s investment adviser is Voya Investments LLC and sub-adviser is Voya Investment Management Co. LLC.