Essential Planning LLC. Purchases New Holdings in Putnam Premier Income Trust (NYSE:PPT)

Essential Planning LLC. purchased a new stake in shares of Putnam Premier Income Trust (NYSE:PPT) during the 4th quarter, Holdings Channel.com reports. The fund purchased 226,850 shares of the investment management company’s stock, valued at approximately $817,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Putnam Premier Income Trust by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,779,876 shares of the investment management company’s stock valued at $13,456,000 after purchasing an additional 18,675 shares during the last quarter. Raymond James Financial Inc. bought a new position in Putnam Premier Income Trust during the 4th quarter valued at about $2,128,000. Riverbridge Partners LLC grew its holdings in Putnam Premier Income Trust by 63.2% during the 4th quarter. Riverbridge Partners LLC now owns 200,954 shares of the investment management company’s stock valued at $715,000 after purchasing an additional 77,799 shares during the last quarter. Transform Wealth LLC bought a new position in Putnam Premier Income Trust during the 4th quarter valued at about $560,000. Finally, Pin Oak Investment Advisors Inc. grew its holdings in Putnam Premier Income Trust by 77.2% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 105,920 shares of the investment management company’s stock valued at $395,000 after purchasing an additional 46,135 shares during the last quarter. 42.79% of the stock is currently owned by institutional investors.

Putnam Premier Income Trust Trading Up 0.1 %

Shares of NYSE:PPT opened at $3.59 on Friday. Putnam Premier Income Trust has a 12 month low of $3.40 and a 12 month high of $3.74. The firm’s 50-day moving average is $3.59 and its 200 day moving average is $3.61.

Putnam Premier Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.026 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.31 dividend on an annualized basis and a yield of 8.70%.

Putnam Premier Income Trust Company 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.