Putnam Premier Income Trust (NYSE:PPT - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.63 and traded as high as $3.73. Putnam Premier Income Trust shares last traded at $3.71, with a volume of 282,666 shares.
Putnam Premier Income Trust Stock Performance
The business's 50 day simple moving average is $3.67 and its 200 day simple moving average is $3.63.
Putnam Premier Income Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $0.026 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Friday, October 17th.
Institutional Investors Weigh In On Putnam Premier Income Trust
A number of large investors have recently modified their holdings of PPT. Sit Investment Associates Inc. increased its holdings in Putnam Premier Income Trust by 5.0% in the first quarter. Sit Investment Associates Inc. now owns 22,981,484 shares of the investment management company's stock valued at $82,963,000 after buying an additional 1,104,572 shares during the last quarter. 1607 Capital Partners LLC increased its holdings in shares of Putnam Premier Income Trust by 11.7% in the 1st quarter. 1607 Capital Partners LLC now owns 2,190,650 shares of the investment management company's stock valued at $7,908,000 after acquiring an additional 229,277 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Putnam Premier Income Trust by 1.1% in the 1st quarter. Invesco Ltd. now owns 1,166,601 shares of the investment management company's stock valued at $4,211,000 after acquiring an additional 12,266 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Putnam Premier Income Trust by 2.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 677,347 shares of the investment management company's stock valued at $2,486,000 after acquiring an additional 19,161 shares during the last quarter. Finally, Quad Cities Investment Group LLC increased its holdings in shares of Putnam Premier Income Trust by 1.1% in the 1st quarter. Quad Cities Investment Group LLC now owns 287,920 shares of the investment management company's stock valued at $1,039,000 after acquiring an additional 3,229 shares during the last quarter. 42.79% of the stock is owned by hedge funds and other 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.
Further Reading
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