Putnam Premier Income Trust (
NYSE:PPT -
Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.64 and traded as high as $3.73. Putnam Premier Income Trust shares last traded at $3.71, with a volume of 131,533 shares changing hands.
Putnam Premier Income Trust Price Performance
The business has a fifty day moving average price of $3.68 and a 200 day moving average price of $3.64.
Putnam Premier Income Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $0.026 dividend. The ex-dividend date is Friday, October 17th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.
Institutional Trading of Putnam Premier Income Trust
A number of large investors have recently made changes to their positions in PPT. IFP Advisors Inc boosted its position in shares of Putnam Premier Income Trust by 138.0% in the 1st quarter. IFP Advisors Inc now owns 11,850 shares of the investment management company's stock valued at $43,000 after purchasing an additional 6,871 shares during the period. Baird Financial Group Inc. purchased a new position in shares of Putnam Premier Income Trust during the 1st quarter worth approximately $80,000. Ethos Financial Group LLC purchased a new position in Putnam Premier Income Trust in the 1st quarter valued at approximately $96,000. Citadel Advisors LLC purchased a new position in Putnam Premier Income Trust in the 4th quarter valued at approximately $110,000. Finally, Gilman Hill Asset Management LLC increased its stake in Putnam Premier Income Trust by 22.8% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 35,000 shares of the investment management company's stock valued at $128,000 after purchasing an additional 6,500 shares in the last quarter. 42.79% of the stock is owned by institutional investors and hedge funds.
Putnam Premier Income Trust Company Profile
(
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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