Riverbridge Partners LLC Has $715,000 Stock Position in Putnam Premier Income Trust (NYSE:PPT)

Riverbridge Partners LLC lifted its stake in shares of Putnam Premier Income Trust (NYSE:PPT - Free Report) by 63.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,954 shares of the investment management company's stock after purchasing an additional 77,799 shares during the period. Riverbridge Partners LLC owned approximately 0.21% of Putnam Premier Income Trust worth $715,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of Putnam Premier Income Trust during the 3rd quarter worth about $54,000. IHT Wealth Management LLC grew its position in Putnam Premier Income Trust by 88.4% in the third quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company's stock worth $73,000 after acquiring an additional 9,183 shares in the last quarter. Gilman Hill Asset Management LLC grew its position in Putnam Premier Income Trust by 73.3% in the third quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company's stock worth $97,000 after acquiring an additional 11,000 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of Putnam Premier Income Trust during the 3rd quarter worth $105,000. Finally, Stifel Financial Corp raised its holdings in shares of Putnam Premier Income Trust by 12.3% during the 3rd quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company's stock valued at $169,000 after purchasing an additional 4,978 shares in the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Price Performance

NYSE PPT traded up $0.01 during trading on Friday, hitting $3.58. 64,275 shares of the company traded hands, compared to its average volume of 144,940. The business has a fifty day simple moving average of $3.56 and a 200 day simple moving average of $3.62. Putnam Premier Income Trust has a 12 month low of $3.40 and a 12 month high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a dividend yield of 8.73%. The ex-dividend date of this dividend is Friday, January 24th.

Putnam Premier Income Trust Profile

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.