Readystate Asset Management LP Takes Position in Putnam Premier Income Trust (NYSE:PPT)

Readystate Asset Management LP acquired a new position in Putnam Premier Income Trust (NYSE:PPT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 87,501 shares of the investment management company's stock, valued at approximately $316,000. Readystate Asset Management LP owned approximately 0.09% of Putnam Premier Income Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PPT. Raymond James Financial Inc. purchased a new stake in shares of Putnam Premier Income Trust in the fourth quarter worth $2,128,000. Level Four Advisory Services LLC raised its position in Putnam Premier Income Trust by 49.2% during the fourth quarter. Level Four Advisory Services LLC now owns 71,384 shares of the investment management company's stock valued at $254,000 after purchasing an additional 23,544 shares in the last quarter. Sit Investment Associates Inc. raised its position in Putnam Premier Income Trust by 8.4% during the fourth quarter. Sit Investment Associates Inc. now owns 21,876,912 shares of the investment management company's stock valued at $77,882,000 after purchasing an additional 1,689,141 shares in the last quarter. Invesco Ltd. raised its position in Putnam Premier Income Trust by 2.0% during the fourth quarter. Invesco Ltd. now owns 1,154,335 shares of the investment management company's stock valued at $4,109,000 after purchasing an additional 23,113 shares in the last quarter. Finally, Oder Investment Management LLC raised its position in Putnam Premier Income Trust by 7.8% during the fourth quarter. Oder Investment Management LLC now owns 71,644 shares of the investment management company's stock valued at $255,000 after purchasing an additional 5,188 shares in the last quarter. Hedge funds and other institutional investors own 42.79% of the company's stock.

Putnam Premier Income Trust Trading Up 0.1%

NYSE PPT traded up $0.01 during trading hours on Monday, reaching $3.64. 146,819 shares of the stock traded hands, compared to its average volume of 194,707. The stock has a 50 day simple moving average of $3.66 and a two-hundred day simple moving average of $3.61. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.74.

Putnam Premier Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be paid a dividend of $0.026 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.58%.

About Putnam Premier Income Trust

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.