Putnam Premier Income Trust (NYSE:PPT - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.60 and traded as low as $3.54. Putnam Premier Income Trust shares last traded at $3.5450, with a volume of 127,101 shares.
Putnam Premier Income Trust Price Performance
The stock's 50-day moving average price is $3.58 and its 200-day moving average price is $3.60.
Putnam Premier Income Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.026 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Thursday, May 21st.
Institutional Trading of Putnam Premier Income Trust
A number of large investors have recently modified their holdings of the company. Sit Investment Associates Inc. increased its holdings in shares of Putnam Premier Income Trust by 3.6% in the 4th quarter. Sit Investment Associates Inc. now owns 28,292,873 shares of the investment management company's stock worth $100,157,000 after acquiring an additional 992,088 shares during the period. Invesco Ltd. increased its holdings in shares of Putnam Premier Income Trust by 24.2% in the 3rd quarter. Invesco Ltd. now owns 1,179,068 shares of the investment management company's stock worth $4,351,000 after acquiring an additional 229,753 shares during the period. Riverbridge Partners LLC increased its holdings in shares of Putnam Premier Income Trust by 157.6% in the 4th quarter. Riverbridge Partners LLC now owns 609,426 shares of the investment management company's stock worth $2,157,000 after acquiring an additional 372,890 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Putnam Premier Income Trust by 16.6% in the 2nd quarter. Osaic Holdings Inc. now owns 250,042 shares of the investment management company's stock worth $918,000 after acquiring an additional 35,615 shares during the period. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Putnam Premier Income Trust in the 4th quarter worth about $820,000. Institutional investors and hedge funds own 42.79% of the company's stock.
Putnam Premier Income Trust Company Profile
(
Get Free Report)
Putnam Premier Income Trust NYSE: PPT is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.
The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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
A forward-looking investment report spotlighting the seven space companies best positioned to benefit from accelerating commercialization in 2026. It explores key industry trends, major growth catalysts, and the stocks shaping the next phase of the space economy—from launch leaders and satellite networks to data, defense, and in-space infrastructure.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
