Gilman Hill Asset Management LLC Acquires 11,000 Shares of Putnam Premier Income Trust (NYSE:PPT)

Gilman Hill Asset Management LLC lifted its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 73.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,000 shares of the investment management company’s stock after purchasing an additional 11,000 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Putnam Premier Income Trust were worth $97,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in Putnam Premier Income Trust by 43.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,144,201 shares of the investment management company’s stock worth $14,836,000 after buying an additional 1,261,737 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Putnam Premier Income Trust by 32.6% during the 2nd quarter. Raymond James & Associates now owns 391,987 shares of the investment management company’s stock valued at $1,403,000 after acquiring an additional 96,312 shares during the last quarter. Future Financial Wealth Managment LLC raised its stake in shares of Putnam Premier Income Trust by 5.8% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company’s stock valued at $498,000 after acquiring an additional 7,382 shares in the last quarter. Valley Brook Capital Group Inc. lifted its holdings in Putnam Premier Income Trust by 32.0% in the 2nd quarter. Valley Brook Capital Group Inc. now owns 87,875 shares of the investment management company’s stock worth $315,000 after purchasing an additional 21,325 shares during the last quarter. Finally, Creative Planning boosted its position in Putnam Premier Income Trust by 8.3% during the second quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock worth $300,000 after purchasing an additional 6,400 shares during the period. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Price Performance

NYSE:PPT opened at $3.69 on Monday. The company’s 50 day moving average is $3.68 and its 200-day moving average is $3.58. Putnam Premier Income Trust has a 12 month low of $3.25 and a 12 month high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.026 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.31 annualized dividend and a yield of 8.46%.

Putnam Premier Income Trust Company Profile

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.