Putnam Premier Income Trust $PPT Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 7.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,485,927 shares of the investment management company’s stock after selling 285,495 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Putnam Premier Income Trust were worth $12,793,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PPT. IFP Advisors Inc boosted its holdings in shares of Putnam Premier Income Trust by 138.0% during the first quarter. IFP Advisors Inc now owns 11,850 shares of the investment management company’s stock worth $43,000 after purchasing an additional 6,871 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Putnam Premier Income Trust during the first quarter worth $80,000. Ethos Financial Group LLC purchased a new stake in Putnam Premier Income Trust in the first quarter valued at approximately $96,000. Gilman Hill Asset Management LLC grew its holdings in Putnam Premier Income Trust by 22.8% in the second quarter. Gilman Hill Asset Management LLC now owns 35,000 shares of the investment management company’s stock valued at $128,000 after purchasing an additional 6,500 shares during the period. Finally, Clear Creek Financial Management LLC grew its holdings in Putnam Premier Income Trust by 32.6% in the first quarter. Clear Creek Financial Management LLC now owns 51,194 shares of the investment management company’s stock valued at $185,000 after purchasing an additional 12,600 shares during the period. Institutional investors and hedge funds own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

Putnam Premier Income Trust stock opened at $3.61 on Friday. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.77. The firm has a 50 day moving average price of $3.69 and a 200 day moving average price of $3.65.

Putnam Premier Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $0.026 dividend. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Friday, October 17th.

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.