Apollon Wealth Management LLC Has $414,000 Stock Position in Putnam Premier Income Trust (NYSE:PPT)

Apollon Wealth Management LLC cut its position in Putnam Premier Income Trust (NYSE:PPTGet Rating) by 43.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 109,056 shares of the investment management company’s stock after selling 84,963 shares during the quarter. Apollon Wealth Management LLC’s holdings in Putnam Premier Income Trust were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in Putnam Premier Income Trust by 217.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,042 shares of the investment management company’s stock valued at $28,000 after buying an additional 4,827 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in Putnam Premier Income Trust in the 2nd quarter valued at $31,000. CoreCap Advisors LLC acquired a new position in Putnam Premier Income Trust in the 2nd quarter valued at $35,000. MGO One Seven LLC acquired a new position in Putnam Premier Income Trust in the 2nd quarter valued at $39,000. Finally, Park Avenue Securities LLC acquired a new position in Putnam Premier Income Trust in the 1st quarter valued at $50,000. 28.43% of the stock is currently owned by institutional investors and hedge funds.

Putnam Premier Income Trust Trading Up 0.3 %

NYSE:PPT opened at $3.76 on Thursday. Putnam Premier Income Trust has a 1 year low of $3.46 and a 1 year high of $4.45. The firm’s fifty day simple moving average is $3.62 and its 200 day simple moving average is $3.76.

Putnam Premier Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 24th will be issued a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 8.30%. The ex-dividend date is Monday, January 23rd.

Putnam Premier Income Trust Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding PPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Putnam Premier Income Trust (NYSE:PPTGet Rating).

Institutional Ownership by Quarter for Putnam Premier Income Trust (NYSE:PPT)

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