Putnam Premier Income Trust (NYSE:PPT - Get Free Report) 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 traded.
Putnam Premier Income Trust Price Performance
The firm has a 50 day moving average price of $3.63 and a 200 day moving average price of $3.60.
Putnam Premier Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.026 dividend. This represents a $0.31 annualized dividend and a yield of 8.58%. The ex-dividend date of this dividend is Monday, June 16th.
Hedge Funds Weigh In On Putnam Premier Income Trust
Several large investors have recently added to or reduced their stakes in PPT. Bank of America Corp DE increased its stake in shares of Putnam Premier Income Trust by 26.1% in the fourth quarter. Bank of America Corp DE now owns 219,685 shares of the investment management company's stock worth $782,000 after purchasing an additional 45,534 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Putnam Premier Income Trust during the 4th quarter valued at $110,000. Captrust Financial Advisors bought a new position in Putnam Premier Income Trust in the 4th quarter worth $47,000. Essential Planning LLC. purchased a new stake in Putnam Premier Income Trust in the 4th quarter worth $817,000. Finally, Raymond James Financial Inc. purchased a new stake in Putnam Premier Income Trust in the 4th quarter worth $2,128,000. Hedge funds and other 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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