Putnam Premier Income Trust (NYSE:PPT - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.61 and traded as high as $3.68. Putnam Premier Income Trust shares last traded at $3.66, with a volume of 182,638 shares trading hands.
Putnam Premier Income Trust Price Performance
The stock's 50 day moving average is $3.66 and its two-hundred day moving average is $3.61.
Putnam Premier Income Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be paid a $0.026 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.31 dividend on an annualized basis and a yield of 8.54%.
Institutional Trading of Putnam Premier Income Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPT. Sit Investment Associates Inc. increased its stake in 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 valued at $77,882,000 after acquiring an additional 1,689,141 shares during the period. 1607 Capital Partners LLC grew its stake in Putnam Premier Income Trust by 94.0% during 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 buying an additional 950,379 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Putnam Premier Income Trust during the fourth quarter worth about $2,128,000. Essential Planning LLC. bought a new stake in Putnam Premier Income Trust during the fourth quarter worth about $817,000. Finally, Intellus Advisors LLC bought a new stake in Putnam Premier Income Trust during the fourth quarter worth about $362,000. Institutional investors 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.
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