Putnam Premier Income Trust (NYSE:PPT) Shares Purchased by Riverbridge Partners LLC

Riverbridge Partners LLC grew its stake in shares of Putnam Premier Income Trust (NYSE:PPT) by 63.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,954 shares of the investment management company’s stock after purchasing an additional 77,799 shares during the quarter. Riverbridge Partners LLC’s holdings in Putnam Premier Income Trust were worth $715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Stifel Financial Corp raised its holdings in shares of Putnam Premier Income Trust by 12.3% during the 3rd quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock valued at $169,000 after buying an additional 4,978 shares during the period. International Assets Investment Management LLC raised its stake in shares of Putnam Premier Income Trust by 273.0% during the third quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company’s stock valued at $738,000 after purchasing an additional 144,906 shares during the period. Gilman Hill Asset Management LLC lifted its position in shares of Putnam Premier Income Trust by 73.3% during the third quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company’s stock worth $97,000 after purchasing an additional 11,000 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in shares of Putnam Premier Income Trust by 77.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 105,920 shares of the investment management company’s stock valued at $395,000 after purchasing an additional 46,135 shares during the period. Finally, Creative Planning grew its holdings in Putnam Premier Income Trust by 8.3% during the 2nd quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock valued at $300,000 after purchasing an additional 6,400 shares in the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Trading Up 0.7 %

Shares of PPT stock opened at $3.61 on Friday. The company’s fifty day moving average price is $3.56 and its two-hundred day moving average price is $3.62. Putnam Premier Income Trust has a 12 month low of $3.40 and a 12 month high of $3.74.

Putnam Premier Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 8.65%. The ex-dividend date is Friday, January 24th.

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.