Riverbridge Partners LLC lifted its stake in Putnam Premier Income Trust (NYSE:PPT - Free Report) by 157.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 609,426 shares of the investment management company's stock after acquiring an additional 372,890 shares during the quarter. Riverbridge Partners LLC owned approximately 0.63% of Putnam Premier Income Trust worth $2,157,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pin Oak Investment Advisors Inc. boosted its position in Putnam Premier Income Trust by 55.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 160,370 shares of the investment management company's stock valued at $592,000 after purchasing an additional 57,050 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Putnam Premier Income Trust during the 3rd quarter worth approximately $112,000. Invesco Ltd. raised its stake in shares of Putnam Premier Income Trust by 24.2% during the 3rd quarter. Invesco Ltd. now owns 1,179,068 shares of the investment management company's stock worth $4,351,000 after purchasing an additional 229,753 shares in the last quarter. Intellus Advisors LLC raised its stake in shares of Putnam Premier Income Trust by 24.3% during the 3rd quarter. Intellus Advisors LLC now owns 132,779 shares of the investment management company's stock worth $490,000 after purchasing an additional 25,949 shares in the last quarter. Finally, Integrity Advisory Solutions LLC acquired a new stake in shares of Putnam Premier Income Trust in the 3rd quarter valued at approximately $44,000. Institutional investors own 42.79% of the company's stock.
Putnam Premier Income Trust Price Performance
NYSE:PPT opened at $3.44 on Friday. Putnam Premier Income Trust has a 1-year low of $3.40 and a 1-year high of $3.77. The firm has a fifty day simple moving average of $3.58 and a 200 day simple moving average of $3.61.
Putnam Premier Income Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a $0.026 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date of this dividend is Thursday, May 21st.
About Putnam Premier Income Trust
(
Free Report)
Putnam Premier Income Trust NYSE: PPT is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.
The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.
Further Reading
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 - Free Report).
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