Allspring Global Investments Holdings LLC grew its position in shares of Putnam Premier Income Trust (NYSE:PPT - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,882,464 shares of the investment management company's stock after buying an additional 348,282 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.94% of Putnam Premier Income Trust worth $10,290,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of PPT. Karpus Management Inc. raised its holdings in shares of Putnam Premier Income Trust by 2.1% in the 3rd quarter. Karpus Management Inc. now owns 1,112,755 shares of the investment management company's stock worth $3,728,000 after purchasing an additional 22,620 shares during the period. Raymond James Trust N.A. bought a new stake in shares of Putnam Premier Income Trust in the 4th quarter worth approximately $77,000. Columbia Asset Management bought a new stake in shares of Putnam Premier Income Trust in the 3rd quarter worth approximately $67,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Putnam Premier Income Trust by 2.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 478,161 shares of the investment management company's stock worth $1,602,000 after purchasing an additional 11,165 shares during the period. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of Putnam Premier Income Trust by 44.4% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 27,553 shares of the investment management company's stock worth $92,000 after purchasing an additional 8,473 shares during the period. Institutional investors own 42.79% of the company's stock.
Putnam Premier Income Trust Trading Up 0.7 %
Shares of NYSE:PPT traded up $0.02 during mid-day trading on Wednesday, reaching $3.46. The company had a trading volume of 170,256 shares, compared to its average volume of 164,703. The company's 50-day moving average price is $3.55 and its 200-day moving average price is $3.51. Putnam Premier Income Trust has a one year low of $3.25 and a one year high of $3.72.
Putnam Premier Income Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.026 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.31 dividend on an annualized basis and a yield of 9.03%.
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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