Rivernorth Capital Management LLC Increases Holding in Voya Prime Rate Tr (PPR)

April 16, 2018 - By Nellie Frank

Investors sentiment decreased to 1.22 in 2017 Q4. Its down 0.30, from 1.52 in 2017Q3. It turned negative, as 11 investors sold PPR shares while 21 reduced holdings. 21 funds opened positions while 18 raised stakes. 40.94 million shares or 5.29% less from 43.23 million shares in 2017Q3 were reported. Jaffetilchin Ptnrs Llc accumulated 18,401 shares. Inv Ptnrs Ltd Oh Adv accumulated 0.06% or 16,710 shares. Capital Lc reported 3,245 shares. City Of London Invest Mngmt Ltd accumulated 0.27% or 771,113 shares. Bessemer Grp Inc stated it has 0.03% of its portfolio in Voya Prime Rate Trust (NYSE:PPR). Mariner Group Ltd Llc holds 0.22% in Voya Prime Rate Trust (NYSE:PPR) or 104,624 shares. Citigroup owns 2,000 shares for 0% of their portfolio. The Maryland-based Sandy Spring National Bank & Trust has invested 0% in Voya Prime Rate Trust (NYSE:PPR). Sei Invs Co holds 1,025 shares or 0% of its portfolio. Manufacturers Life Ins The, Ontario – Canada-based fund reported 6,153 shares. 180,775 are held by Autus Asset Mgmt Llc. Neuberger Berman Group Incorporated Ltd Co has invested 0% in Voya Prime Rate Trust (NYSE:PPR). Shufro Rose And Ltd Llc reported 0.04% stake. Eaton Vance Mgmt accumulated 1.03M shares or 0.01% of the stock. Westchester Capital Llc has invested 0.05% in Voya Prime Rate Trust (NYSE:PPR).

Rivernorth Capital Management Llc increased its stake in Voya Prime Rate Tr (PPR) by 30.4% based on its latest 2017Q4 regulatory filing with the SEC. Rivernorth Capital Management Llc bought 1.09 million shares as the company’s stock rose 2.17% while stock markets declined. The institutional investor held 4.70 million shares of the company at the end of 2017Q4, valued at $23.81M, up from 3.60M at the end of the previous reported quarter. Rivernorth Capital Management Llc who had been investing in Voya Prime Rate Tr for a number of months, seems to be bullish on the $761.11 million market cap company. The stock increased 0.39% or $0.02 during the last trading session, reaching $5.15. About 48,235 shares traded. Voya Prime Rate Trust (NYSE:PPR) has declined 5.12% since April 16, 2017 and is downtrending. It has underperformed by 16.67% the S&P500.

Rivernorth Capital Management Llc, which manages about $2.15B and $1.44 billion US Long portfolio, decreased its stake in Adams Diversified Equity Fd (ADX) by 801,240 shares to 164,346 shares, valued at $2.47M in 2017Q4, according to the filing. It also reduced its holding in Blackstone Gso Strategic Cr (BGB) by 214,886 shares in the quarter, leaving it with 503,955 shares, and cut its stake in Clough Global Opportunities (GLO).

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