Intellus Advisors LLC purchased a new position in Putnam Premier Income Trust (NYSE:PPT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 101,744 shares of the investment management company's stock, valued at approximately $362,000. Intellus Advisors LLC owned 0.11% of Putnam Premier Income Trust at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PPT. Raymond James Financial Inc. purchased a new position in Putnam Premier Income Trust during the 4th quarter valued at about $2,128,000. Essential Planning LLC. purchased a new position in Putnam Premier Income Trust during the fourth quarter valued at approximately $817,000. Transform Wealth LLC bought a new stake in Putnam Premier Income Trust during the 4th quarter worth approximately $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. Finally, Mezzasalma Advisors LLC bought a new position in Putnam Premier Income Trust in the 4th quarter valued at $250,000. 42.79% of the stock is currently owned by institutional investors.
Putnam Premier Income Trust Trading Down 0.1 %
Shares of Putnam Premier Income Trust stock traded down $0.01 during trading on Wednesday, hitting $3.59. The stock had a trading volume of 248,256 shares, compared to its average volume of 160,995. Putnam Premier Income Trust has a 12 month low of $3.40 and a 12 month high of $3.74. The business's 50-day moving average is $3.59 and its 200 day moving average is $3.61.
Putnam Premier Income Trust Announces Dividend
The firm also recently declared 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. The ex-dividend date is Monday, March 17th. This represents a $0.31 dividend on an annualized basis and a dividend 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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