Allspring Global Investments Holdings LLC lowered its stake in Putnam Premier Income Trust (NYSE:PPT - Free Report) by 9.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,761,201 shares of the investment management company's stock after selling 383,000 shares during the quarter. Allspring Global Investments Holdings LLC owned 3.91% of Putnam Premier Income Trust worth $14,029,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gilman Hill Asset Management LLC lifted its holdings in Putnam Premier Income Trust by 73.3% during the third quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company's stock valued at $97,000 after purchasing an additional 11,000 shares in the last quarter. Future Financial Wealth Managment LLC lifted its stake in Putnam Premier Income Trust by 5.8% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company's stock valued at $498,000 after buying an additional 7,382 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Putnam Premier Income Trust in the 3rd quarter worth about $105,000. Creative Planning boosted its holdings in Putnam Premier Income Trust by 8.3% in the 2nd quarter. Creative Planning now owns 83,867 shares of the investment management company's stock worth $300,000 after buying an additional 6,400 shares during the last quarter. Finally, Luken Investment Analytics LLC purchased a new stake in Putnam Premier Income Trust during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 42.79% of the company's stock.
Putnam Premier Income Trust Stock Performance
Shares of NYSE PPT traded up $0.01 during midday trading on Friday, hitting $3.62. The stock had a trading volume of 91,010 shares, compared to its average volume of 145,022. The stock has a 50 day simple moving average of $3.69 and a 200-day simple moving average of $3.59. Putnam Premier Income Trust has a 1 year low of $3.26 and a 1 year high of $3.74.
Putnam Premier Income Trust Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a $0.026 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.31 dividend on an annualized basis and a yield of 8.62%.
Putnam Premier Income Trust Company Profile
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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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