Valley Brook Capital Group Inc. Acquires 8,109 Shares of Putnam Premier Income Trust (NYSE:PPT)

Valley Brook Capital Group Inc. lifted its stake in Putnam Premier Income Trust (NYSE:PPT) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,984 shares of the investment management company’s stock after purchasing an additional 8,109 shares during the period. Valley Brook Capital Group Inc. owned about 0.10% of Putnam Premier Income Trust worth $358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Putnam Premier Income Trust by 43.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,144,201 shares of the investment management company’s stock worth $14,836,000 after purchasing an additional 1,261,737 shares during the last quarter. Raymond James & Associates boosted its stake in Putnam Premier Income Trust by 32.6% in the second quarter. Raymond James & Associates now owns 391,987 shares of the investment management company’s stock valued at $1,403,000 after acquiring an additional 96,312 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Putnam Premier Income Trust by 273.0% during the third quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company’s stock worth $738,000 after purchasing an additional 144,906 shares in the last quarter. Future Financial Wealth Managment LLC boosted its position in shares of Putnam Premier Income Trust by 5.8% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company’s stock worth $498,000 after purchasing an additional 7,382 shares in the last quarter. Finally, Creative Planning increased its position in Putnam Premier Income Trust by 8.3% during the 2nd quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock valued at $300,000 after buying an additional 6,400 shares in the last quarter. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Price Performance

Shares of PPT traded up $0.01 during trading hours on Thursday, reaching $3.58. 64,752 shares of the company traded hands, compared to its average volume of 146,194. Putnam Premier Income Trust has a 12-month low of $3.37 and a 12-month high of $3.74. The business has a fifty day moving average price of $3.68 and a 200-day moving average price of $3.60.

Putnam Premier Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be issued a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 8.72%. The ex-dividend date is Friday, November 22nd.

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.