Putnam Premier Income Trust (NYSE:PPT - Get Free Report) shares passed 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 changing hands.
Putnam Premier Income Trust Price Performance
The stock has a 50-day simple moving average of $3.66 and a 200-day simple moving average of $3.63.
Putnam Premier Income Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $0.026 dividend. The ex-dividend date is Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 8.4%.
Institutional Trading of Putnam Premier Income Trust
A number of institutional investors and hedge funds have recently made changes to their positions in PPT. Captrust Financial Advisors acquired a new position in shares of Putnam Premier Income Trust during the second quarter worth approximately $465,000. Bank of America Corp DE boosted its position in shares of Putnam Premier Income Trust by 3.0% during the second quarter. Bank of America Corp DE now owns 194,999 shares of the investment management company's stock worth $716,000 after buying an additional 5,756 shares during the period. Jane Street Group LLC acquired a new position in shares of Putnam Premier Income Trust during the second quarter worth approximately $169,000. Baird Financial Group Inc. boosted its position in shares of Putnam Premier Income Trust by 200.3% during the second quarter. Baird Financial Group Inc. now owns 66,347 shares of the investment management company's stock worth $243,000 after buying an additional 44,250 shares during the period. Finally, Intellus Advisors LLC boosted its position in shares of Putnam Premier Income Trust by 3.6% during the second quarter. Intellus Advisors LLC now owns 106,830 shares of the investment management company's stock worth $392,000 after buying an additional 3,720 shares during the period. 42.79% of the stock is currently owned by institutional investors and hedge funds.
Putnam Premier Income Trust Company Profile
(
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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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