International Assets Investment Management LLC increased its position in Putnam Premier Income Trust (NYSE:PPT - Free Report) by 273.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 197,985 shares of the investment management company's stock after purchasing an additional 144,906 shares during the quarter. International Assets Investment Management LLC owned 0.21% of Putnam Premier Income Trust worth $738,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Putnam Premier Income Trust by 43.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,144,201 shares of the investment management company's stock worth $14,836,000 after acquiring an additional 1,261,737 shares during the period. Raymond James & Associates increased its holdings in shares of Putnam Premier Income Trust by 32.6% during the 2nd quarter. Raymond James & Associates now owns 391,987 shares of the investment management company's stock worth $1,403,000 after purchasing an additional 96,312 shares during the period. Catalina Capital Group LLC acquired a new position in Putnam Premier Income Trust in the 2nd quarter valued at approximately $197,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Putnam Premier Income Trust in the third quarter valued at $105,000. Finally, Valley Brook Capital Group Inc. increased its stake in Putnam Premier Income Trust by 32.0% in the second quarter. Valley Brook Capital Group Inc. now owns 87,875 shares of the investment management company's stock valued at $315,000 after acquiring an additional 21,325 shares during the period. 42.79% of the stock is owned by institutional investors and hedge funds.
Putnam Premier Income Trust Stock Performance
Shares of NYSE:PPT traded down $0.02 during trading on Wednesday, reaching $3.57. The stock had a trading volume of 142,580 shares, compared to its average volume of 146,573. The business's 50-day moving average price is $3.68 and its 200 day moving average price is $3.60. Putnam Premier Income Trust has a 52 week low of $3.37 and a 52 week high of $3.74.
Putnam Premier Income Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be given a $0.026 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.31 dividend on an annualized basis and a yield of 8.74%.
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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