International Assets Investment Management LLC Raises Stock Holdings in Putnam Premier Income Trust $PPT

International Assets Investment Management LLC increased its position in Putnam Premier Income Trust (NYSE:PPT) by 66.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 53,079 shares of the investment management company’s stock after buying an additional 21,200 shares during the quarter. International Assets Investment Management LLC’s holdings in Putnam Premier Income Trust were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in Putnam Premier Income Trust by 138.0% in the 1st 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 period. Baird Financial Group Inc. bought a new position in shares of Putnam Premier Income Trust during the 1st quarter valued at approximately $80,000. Ethos Financial Group LLC bought a new position in shares of Putnam Premier Income Trust during the 1st quarter valued at approximately $96,000. Gilman Hill Asset Management LLC boosted its position in shares of Putnam Premier Income Trust by 22.8% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 35,000 shares of the investment management company’s stock valued at $128,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in shares of Putnam Premier Income Trust by 32.6% during the 1st quarter. Clear Creek Financial Management LLC now owns 51,194 shares of the investment management company’s stock valued at $185,000 after acquiring an additional 12,600 shares during the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Stock Performance

NYSE:PPT opened at $3.63 on Friday. The stock’s fifty day moving average is $3.69 and its 200 day moving average is $3.65. Putnam Premier Income Trust has a fifty-two week low of $3.40 and a fifty-two week high of $3.77.

Putnam Premier Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a dividend of $0.026 per share. This represents a c) annualized dividend 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.