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.
Indoor activity
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
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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.
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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 ) .
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