Sit Investment Associates Inc. boosted its position in shares of Putnam Premier Income Trust (NYSE:PPT - Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,981,484 shares of the investment management company's stock after purchasing an additional 1,104,572 shares during the period. Putnam Premier Income Trust makes up 1.9% of Sit Investment Associates Inc.'s portfolio, making the stock its 7th biggest position. Sit Investment Associates Inc. owned 23.87% of Putnam Premier Income Trust worth $82,963,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in PPT. Janney Montgomery Scott LLC boosted its stake in Putnam Premier Income Trust by 0.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 658,186 shares of the investment management company's stock valued at $2,376,000 after acquiring an additional 3,108 shares during the last quarter. Bank of America Corp DE boosted its stake in Putnam Premier Income Trust by 26.1% during the 4th quarter. Bank of America Corp DE now owns 219,685 shares of the investment management company's stock valued at $782,000 after acquiring an additional 45,534 shares during the last quarter. Citadel Advisors LLC bought a new position in Putnam Premier Income Trust during the 4th quarter valued at $110,000. Captrust Financial Advisors bought a new position in Putnam Premier Income Trust during the 4th quarter valued at $47,000. Finally, Readystate Asset Management LP bought a new position in Putnam Premier Income Trust during the 1st quarter valued at $316,000. 42.79% of the stock is owned by institutional investors and hedge funds.
Putnam Premier Income Trust Trading Up 0.3%
Shares of Putnam Premier Income Trust stock traded up $0.01 during trading hours on Friday, reaching $3.69. The company's stock had a trading volume of 96,843 shares, compared to its average volume of 186,310. The company's 50 day simple moving average is $3.66 and its 200 day simple moving average is $3.62. Putnam Premier Income Trust has a one year low of $3.40 and a one year high of $3.74.
Putnam Premier Income Trust Announces Dividend
The firm also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Tuesday, August 19th will be given a $0.026 dividend. This represents a dividend yield of 846.0%. The ex-dividend date is Monday, August 18th.
About Putnam Premier Income Trust
(
Free Report)
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.
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