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

Riverbridge Partners LLC boosted its holdings in Putnam Premier Income Trust (NYSE:PPT) by 63.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 200,954 shares of the investment management company’s stock after buying an additional 77,799 shares during the period. Riverbridge Partners LLC owned 0.21% of Putnam Premier Income Trust worth $715,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PPT. Stifel Financial Corp boosted its position in shares of Putnam Premier Income Trust by 12.3% in the third quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock worth $169,000 after acquiring an additional 4,978 shares during the last quarter. Creative Planning boosted its holdings in shares of Putnam Premier Income Trust by 8.3% in 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 during the last quarter. Future Financial Wealth Managment LLC grew its stake in shares of Putnam Premier Income Trust by 5.8% during 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 buying an additional 7,382 shares during the period. Valley Brook Capital Group Inc. increased its holdings in shares of Putnam Premier Income Trust by 9.2% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 95,984 shares of the investment management company’s stock worth $358,000 after buying an additional 8,109 shares during the last quarter. Finally, IHT Wealth Management LLC raised its position in shares of Putnam Premier Income Trust by 88.4% in the 3rd quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company’s stock worth $73,000 after buying an additional 9,183 shares during the period. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Price Performance

PPT stock opened at $3.61 on Friday. The stock has a 50-day moving average price of $3.56 and a two-hundred day moving average price of $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 announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date is Friday, January 24th.

Putnam Premier Income Trust 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.