Putnam Premier Income Trust (NYSE:PPT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.61 and traded as high as $3.65. Putnam Premier Income Trust shares last traded at $3.62, with a volume of 310,388 shares changing hands.
Putnam Premier Income Trust Trading Up 0.1%
The stock's 50-day simple moving average is $3.66 and its 200-day simple moving average is $3.61.
Putnam Premier Income Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be given a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date is Friday, July 18th.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in PPT. Sit Investment Associates Inc. grew its stake in shares of Putnam Premier Income Trust by 8.4% in the fourth quarter. Sit Investment Associates Inc. now owns 21,876,912 shares of the investment management company's stock worth $77,882,000 after acquiring an additional 1,689,141 shares during the last quarter. 1607 Capital Partners LLC raised its stake in shares of Putnam Premier Income Trust by 94.0% in the fourth quarter. 1607 Capital Partners LLC now owns 1,961,373 shares of the investment management company's stock worth $6,982,000 after purchasing an additional 950,379 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Putnam Premier Income Trust in the fourth quarter worth $2,128,000. Readystate Asset Management LP purchased a new position in shares of Putnam Premier Income Trust in the first quarter worth $316,000. Finally, Bank of America Corp DE raised its stake in shares of Putnam Premier Income Trust by 26.1% in the fourth quarter. Bank of America Corp DE now owns 219,685 shares of the investment management company's stock worth $782,000 after purchasing an additional 45,534 shares during the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.
About Putnam Premier Income Trust
(
Get 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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