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 $3.60 and traded as high as $3.65. Putnam Premier Income Trust shares last traded at $3.64, with a volume of 209,996 shares trading hands.
Putnam Premier Income Trust Price Performance
The firm has a 50-day moving average price of $3.63 and a two-hundred day moving average price of $3.60.
Putnam Premier Income Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.026 dividend. The ex-dividend date is Monday, June 16th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.60%.
Hedge Funds Weigh In On Putnam Premier Income Trust
Several institutional investors have recently modified their holdings of PPT. South Plains Financial Inc. acquired a new position in Putnam Premier Income Trust in the 4th quarter valued at $31,000. IFP Advisors Inc grew its stake in Putnam Premier Income Trust by 138.0% during the first quarter. IFP Advisors Inc now owns 11,850 shares of the investment management company's stock worth $43,000 after purchasing an additional 6,871 shares during the period. Captrust Financial Advisors acquired a new stake in Putnam Premier Income Trust during the fourth quarter worth approximately $47,000. Jones Financial Companies Lllp boosted 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 worth $49,000 after acquiring an additional 7,177 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of Putnam Premier Income Trust in the first quarter valued at approximately $80,000. 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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