International Asset Investment Management LLC boosted its position in Putnam Premier Income Trust (NYSE:PPT – RatingsGate) by 171.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,081 shares of the investment management company’s stock after purchasing an additional 46,154 shares during the quarter. International Asset Investment Management LLC owned approximately 0.07% of Putnam Premier Income Trust worth $265,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the company. Genios Wealth Management Inc. boosted its position in shares of Putnam Premier Income Trust by 217.9% during the first quarter. Genos Wealth Management Inc. now owns 7,042 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 4,827 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Putnam Premier Income Trust during the third quarter valued at $37,000. Smith Moore & Co. purchased a new stake in shares of Putnam Premier Income Trust during the third quarter valued at $39,000. Boenning & Scattergood Inc. purchased a new stake in shares of Putnam Premier Income Trust during the 4th quarter valued at $40,000. Finally, Wealthsource Partners LLC bought a new stake in shares of Putnam Premier Income Trust during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 28.83% of the company’s stock.
In other news, portfolio manager Michael V. Salm sold 180,000 shares of Putnam Premier Income Trust stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $3.53, for a total transaction of $635,400.00. The sale was disclosed in a document filed with the SEC, which is accessible via this hyperlink.
Putnam Premier Income Trust stock down 0.6%
Shares of PPT opened at $3.54 on Friday. The firm’s 50-day moving average price is $3.64 and its 200-day moving average price is $3.66. Putnam Premier Income Trust has a 1-year low of $3.46 and a 1-year high of $4.04.
Putnam Premier Income Trust has declared a dividend
The business also recently announced a monthly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 24th will be paid a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.81%. The ex-dividend date of this dividend is Friday, April 21st.
Putnam Premier Income Trust Company Profile
Putnam Premier Income Trust is a closed-end fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investment Limited. It invests in public fixed income markets around the world. The Fund invests primarily in US high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.
Want to see what other hedge funds are holding PPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Putnam Premier Income Trust ( NYSE:PPT – Get Rating ) .
This real-time news alert was generated by anecdotal technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Putnam Premier Income Trust, you may want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified five stocks that top analysts are quietly telling their clients to buy before the broader market catches up… and Putnam Premier Income Trust was not on the list.
While Putnam Premier Income Trust currently has a “hold” rating among analysts, top-rated analysts believe these five stocks are good buys.
Check out five stocks here