1607 Capital Partners LLC Raises Position in Putnam Premier Income Trust (NYSE:PPT)

1607 Capital Partners LLC lifted its stake in Putnam Premier Income Trust (NYSE:PPT - Free Report) by 94.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,961,373 shares of the investment management company's stock after purchasing an additional 950,379 shares during the quarter. 1607 Capital Partners LLC owned about 2.04% of Putnam Premier Income Trust worth $6,982,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PPT. Jones Financial Companies Lllp increased its position in shares of Putnam Premier Income Trust by 109.8% in the 4th quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company's stock valued at $49,000 after acquiring an additional 7,177 shares during the period. XTX Topco Ltd acquired a new stake in Putnam Premier Income Trust during the 3rd quarter worth about $54,000. Stifel Financial Corp raised its stake in shares of Putnam Premier Income Trust by 12.3% during the 3rd quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company's stock valued at $169,000 after buying an additional 4,978 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Putnam Premier Income Trust by 631.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 45,540 shares of the investment management company's stock valued at $162,000 after buying an additional 39,310 shares during the period. Finally, Mezzasalma Advisors LLC acquired a new position in shares of Putnam Premier Income Trust in the 4th quarter valued at about $250,000. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Stock Down 0.4 %

Putnam Premier Income Trust stock traded down $0.02 during midday trading on Friday, hitting $3.54. 152,095 shares of the company were exchanged, compared to its average volume of 165,169. The business has a fifty day simple moving average of $3.57 and a two-hundred day simple moving average of $3.59. Putnam Premier Income Trust has a fifty-two week low of $3.40 and a fifty-two week high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a dividend yield of 8.83%. The ex-dividend date is Thursday, April 17th.

Putnam Premier Income Trust Profile

Putnam Premier Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.