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 $3.58 and traded as high as $3.73. Putnam Premier Income Trust shares last traded at $3.72, with a volume of 216,743 shares traded.
Putnam Premier Income Trust Stock Up 0.3%
The stock has a 50 day simple moving average of $3.60 and a 200 day simple moving average of $3.59.
Putnam Premier Income Trust Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 8.43%. The ex-dividend date was Monday, May 19th.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in PPT. Sit Investment Associates Inc. lifted 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 buying an additional 1,689,141 shares during the last quarter. 1607 Capital Partners LLC increased its holdings in shares of Putnam Premier Income Trust by 94.0% in the 4th quarter. 1607 Capital Partners LLC now owns 1,961,373 shares of the investment management company's stock worth $6,982,000 after acquiring an additional 950,379 shares during the period. Raymond James Financial Inc. bought a new stake in Putnam Premier Income Trust in the 4th quarter valued at about $2,128,000. Essential Planning LLC. bought a new stake in Putnam Premier Income Trust in the 4th quarter valued at about $817,000. Finally, Intellus Advisors LLC acquired a new position in Putnam Premier Income Trust during the 4th quarter valued at about $362,000. 42.79% of the stock is currently owned by institutional investors.
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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