Sit Investment Associates Inc. boosted its holdings in Putnam Premier Income Trust (NYSE:PPT – Free Report) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 28,292,873 shares of the investment management company’s stock after purchasing an additional 992,088 shares during the period. Putnam Premier Income Trust accounts for about 2.0% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 8th biggest holding. Sit Investment Associates Inc. owned about 0.29% of Putnam Premier Income Trust worth $100,157,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC raised its position in Putnam Premier Income Trust by 104.1% in the 4th quarter. Global Retirement Partners LLC now owns 10,354 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 5,282 shares during the last quarter. Integrity Advisory Solutions LLC purchased a new stake in Putnam Premier Income Trust in the 3rd quarter valued at $44,000. First National Trust Co purchased a new stake in Putnam Premier Income Trust in the 3rd quarter valued at $48,000. Thrivent Financial for Lutherans purchased a new stake in Putnam Premier Income Trust in the 3rd quarter valued at $57,000. Finally, Baird Financial Group Inc. purchased a new stake in Putnam Premier Income Trust in the 1st quarter valued at $80,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.
Putnam Premier Income Trust Trading Down 0.1%
PPT stock opened at $3.44 on Friday. The company has a fifty day moving average price of $3.49 and a 200 day moving average price of $3.55. Putnam Premier Income Trust has a 12 month low of $3.41 and a 12 month high of $3.77.
Putnam Premier Income Trust Announces Dividend
Putnam Premier Income Trust Profile
Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.
The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.
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