Putnam Premier Income Trust (NYSE:PPT - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.62 and traded as high as $3.69. Putnam Premier Income Trust shares last traded at $3.68, with a volume of 125,373 shares changing hands.
Putnam Premier Income Trust Trading Up 0.3%
The business has a 50-day moving average price of $3.66 and a 200 day moving average price of $3.62.
Putnam Premier Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a dividend of $0.026 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Monday, November 17th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Intellus Advisors LLC boosted its position in shares of Putnam Premier Income Trust by 3.6% during the 2nd quarter. Intellus Advisors LLC now owns 106,830 shares of the investment management company's stock valued at $392,000 after acquiring an additional 3,720 shares during the last quarter. Allworth Financial LP bought a new position in shares of Putnam Premier Income Trust during the 2nd quarter valued at approximately $188,000. International Assets Investment Management LLC boosted its position in shares of Putnam Premier Income Trust by 66.5% during the 2nd quarter. International Assets Investment Management LLC now owns 53,079 shares of the investment management company's stock valued at $195,000 after acquiring an additional 21,200 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Putnam Premier Income Trust by 68.6% during the 2nd quarter. IFP Advisors Inc now owns 19,980 shares of the investment management company's stock valued at $73,000 after acquiring an additional 8,130 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Putnam Premier Income Trust by 2.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 677,347 shares of the investment management company's stock valued at $2,486,000 after acquiring an additional 19,161 shares during the last quarter. 42.79% of the stock is currently owned by 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.
See Also
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access