Raymond James Financial Inc. bought a new stake in Putnam Premier Income Trust (NYSE:PPT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 597,848 shares of the investment management company's stock, valued at approximately $2,128,000. Raymond James Financial Inc. owned about 0.62% of Putnam Premier Income Trust as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in PPT. Jones Financial Companies Lllp grew its position in Putnam Premier Income Trust by 109.8% during the 4th quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company's stock worth $49,000 after purchasing an additional 7,177 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Putnam Premier Income Trust during the third quarter worth about $54,000. IHT Wealth Management LLC grew its holdings in shares of Putnam Premier Income Trust by 88.4% during the third quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company's stock worth $73,000 after buying an additional 9,183 shares during the last quarter. Stifel Financial Corp increased its position in Putnam Premier Income Trust by 12.3% in the 3rd quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company's stock valued at $169,000 after acquiring an additional 4,978 shares during the period. Finally, Mezzasalma Advisors LLC purchased a new stake in Putnam Premier Income Trust during the 4th quarter valued at approximately $250,000. 42.79% of the stock is owned by hedge funds and other institutional investors.
Putnam Premier Income Trust Stock Down 1.5 %
Putnam Premier Income Trust stock traded down $0.06 during mid-day trading on Thursday, reaching $3.59. 190,893 shares of the company were exchanged, compared to its average volume of 163,606. The firm's 50-day simple moving average is $3.60 and its two-hundred day simple moving average is $3.60. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.74.
Putnam Premier Income Trust Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.026 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.31 dividend on an annualized basis and a yield of 8.70%.
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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