Putnam Premier Income Trust (NYSE:PPT – Get Free Report) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $3.31 and traded as high as $3.34. Putnam Premier Income Trust shares last traded at $3.3250, with a volume of 122,692 shares traded.
Putnam Premier Income Trust Stock Up 1.4%
The business has a 50 day simple moving average of $3.31 and a 200-day simple moving average of $3.46.
Putnam Premier Income Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a $0.0260 dividend. The ex-dividend date is Friday, November 20th. This represents a $0.31 annualized dividend and a yield of 9.4%.
Hedge Funds Weigh In On Putnam Premier Income Trust
Hedge funds have recently modified their holdings of the stock. Fortitude Advisory Group L.L.C. raised its stake in shares of Putnam Premier Income Trust by 72.5% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 30,854 shares of the investment management company’s stock valued at $101,000 after buying an additional 12,968 shares in the last quarter. Sanders Morris Harris LLC bought a new position in shares of Putnam Premier Income Trust during the 3rd quarter valued at about $50,000. Gilpin Wealth Management LLC grew its position in shares of Putnam Premier Income Trust by 15.8% in the 3rd quarter. Gilpin Wealth Management LLC now owns 142,762 shares of the investment management company’s stock valued at $468,000 after purchasing an additional 19,531 shares during the period. Mirador Capital Partners LP grew its position in shares of Putnam Premier Income Trust by 2.7% in the 3rd quarter. Mirador Capital Partners LP now owns 127,004 shares of the investment management company’s stock valued at $417,000 after purchasing an additional 3,381 shares during the period. Finally, IFP Advisors Inc increased its stake in Putnam Premier Income Trust by 17.6% during the 2nd quarter. IFP Advisors Inc now owns 23,506 shares of the investment management company’s stock worth $82,000 after purchasing an additional 3,526 shares in the last quarter. 42.79% of the stock is owned by institutional investors and hedge funds.
Putnam Premier Income Trust Company Profile
Putnam Premier Income Trust (NYSE: PPT) is a closed-end investment fund managed by Putnam Investment Management, LLC. The fund’s primary objective is to provide a high level of current income, with capital appreciation as a secondary objective.
The trust invests primarily in income-producing fixed-income securities. Its portfolio may include corporate bonds, government and agency debt, mortgage- and asset-backed securities, high-yield bonds and obligations issued by companies and governments in the United States and other countries.
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