Putnam Premier Income Trust (NYSE:PPT - Get Free Report) shares passed 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.
Putnam Premier Income Trust Price Performance
The company's 50-day moving average is $3.66 and its 200-day moving average is $3.61.
Putnam Premier Income Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be given a $0.026 dividend. The ex-dividend date is Friday, July 18th. This represents a $0.31 annualized dividend and a dividend yield of 8.61%.
Institutional Investors Weigh In On Putnam Premier Income Trust
Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in shares of Putnam Premier Income Trust by 0.5% in the first quarter. Janney Montgomery Scott LLC now owns 658,186 shares of the investment management company's stock worth $2,376,000 after acquiring an additional 3,108 shares during the last quarter. Bank of America Corp DE lifted its position in Putnam Premier Income Trust by 26.1% during the fourth quarter. Bank of America Corp DE now owns 219,685 shares of the investment management company's stock valued at $782,000 after buying an additional 45,534 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Putnam Premier Income Trust during the fourth quarter valued at approximately $110,000. Captrust Financial Advisors purchased a new stake in shares of Putnam Premier Income Trust during the fourth quarter valued at approximately $47,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Putnam Premier Income Trust during the fourth quarter valued at approximately $2,128,000. 42.79% of the stock is owned by institutional investors and hedge funds.
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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