Essential Planning LLC. bought a new position in Putnam Premier Income Trust (NYSE:PPT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 226,850 shares of the investment management company's stock, valued at approximately $817,000. Essential Planning LLC. owned 0.24% of Putnam Premier Income Trust as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Putnam Premier Income Trust in the 4th quarter worth $2,128,000. Transform Wealth LLC purchased a new stake in Putnam Premier Income Trust in the 4th quarter worth $560,000. Riverbridge Partners LLC lifted its stake in Putnam Premier Income Trust by 63.2% in the 4th quarter. Riverbridge Partners LLC now owns 200,954 shares of the investment management company's stock worth $715,000 after purchasing an additional 77,799 shares in the last quarter. Mezzasalma Advisors LLC purchased a new stake in Putnam Premier Income Trust in the 4th quarter worth $250,000. Finally, Pin Oak Investment Advisors Inc. lifted its stake in Putnam Premier Income Trust by 77.2% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 105,920 shares of the investment management company's stock worth $395,000 after purchasing an additional 46,135 shares in the last quarter. Institutional investors own 42.79% of the company's stock.
Putnam Premier Income Trust Trading Up 0.1 %
Shares of PPT stock opened at $3.59 on Friday. Putnam Premier Income Trust has a 52 week low of $3.40 and a 52 week high of $3.74. The company's fifty day simple moving average is $3.59 and its two-hundred day simple moving average is $3.61.
Putnam Premier Income Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a dividend yield of 8.70%. The ex-dividend date is Monday, March 17th.
Putnam Premier Income Trust Company Profile
(
Free Report)
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.
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