Mezzasalma Advisors LLC purchased a new position in shares of Putnam Premier Income Trust (NYSE:PPT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 70,095 shares of the investment management company's stock, valued at approximately $250,000. Mezzasalma Advisors LLC owned about 0.07% of Putnam Premier Income Trust as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of PPT. Stifel Financial Corp boosted its holdings in shares of 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 buying an additional 4,978 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Putnam Premier Income Trust by 273.0% in the 3rd quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company's stock valued at $738,000 after buying an additional 144,906 shares during the last quarter. Riverbridge Partners LLC boosted its holdings in shares of 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 valued at $715,000 after buying an additional 77,799 shares during the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of Putnam Premier Income Trust by 73.3% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company's stock valued at $97,000 after buying an additional 11,000 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. boosted its holdings in shares of 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 valued at $395,000 after buying an additional 46,135 shares during the last quarter. Institutional investors and hedge funds own 42.79% of the company's stock.
Putnam Premier Income Trust Trading Down 0.1 %
Shares of NYSE PPT traded down $0.01 during trading hours on Wednesday, hitting $3.61. The company had a trading volume of 251,720 shares, compared to its average volume of 156,986. Putnam Premier Income Trust has a 1-year low of $3.40 and a 1-year high of $3.74. The firm's 50 day moving average is $3.58 and its 200-day moving average is $3.62.
Putnam Premier Income Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be paid a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date is Monday, February 24th.
About Putnam Premier Income Trust
(
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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