Putnam Premier Income Trust (NYSE:PPT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.58 and traded as high as $3.72. Putnam Premier Income Trust shares last traded at $3.69, with a volume of 218,412 shares.
Putnam Premier Income Trust Stock Performance
The business's fifty day moving average price is $3.58 and its 200 day moving average price is $3.58.
Putnam Premier Income Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.026 per share. The ex-dividend date is Monday, May 19th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.46%.
Hedge Funds Weigh In On Putnam Premier Income Trust
A number of hedge funds have recently modified their holdings of PPT. South Plains Financial Inc. acquired a new position in Putnam Premier Income Trust in the fourth quarter valued at $31,000. IFP Advisors Inc lifted its holdings in Putnam Premier Income Trust by 138.0% in the first quarter. IFP Advisors Inc now owns 11,850 shares of the investment management company's stock valued at $43,000 after buying an additional 6,871 shares during the period. Captrust Financial Advisors acquired a new position in Putnam Premier Income Trust in the fourth quarter valued at $47,000. Jones Financial Companies Lllp lifted its holdings in Putnam Premier Income Trust by 109.8% in the fourth quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company's stock valued at $49,000 after buying an additional 7,177 shares during the period. Finally, Citadel Advisors LLC acquired a new position in Putnam Premier Income Trust in the fourth quarter valued at $110,000. Institutional investors and hedge funds own 42.79% of the company's stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Putnam Premier Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Putnam Premier Income Trust wasn't on the list.
While Putnam Premier Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
