Transform Wealth LLC Takes $560,000 Position in Putnam Premier Income Trust (NYSE:PPT)

Transform Wealth LLC bought a new position in shares of Putnam Premier Income Trust (NYSE:PPT) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 156,049 shares of the investment management company’s stock, valued at approximately $560,000. Transform Wealth LLC owned 0.16% of Putnam Premier Income Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPT. XTX Topco Ltd bought a new stake in Putnam Premier Income Trust in the third quarter worth about $54,000. IHT Wealth Management LLC raised its holdings in shares of Putnam Premier Income Trust by 88.4% in the 3rd quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company’s stock worth $73,000 after purchasing an additional 9,183 shares during the period. Gilman Hill Asset Management LLC lifted its stake in Putnam Premier Income Trust by 73.3% in the third quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company’s stock valued at $97,000 after purchasing an additional 11,000 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in Putnam Premier Income Trust during the third quarter valued at $105,000. Finally, Stifel Financial Corp grew its holdings in Putnam Premier Income Trust by 12.3% during the third quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 4,978 shares during the period. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Stock Performance

Shares of PPT opened at $3.56 on Wednesday. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.74. The stock’s fifty day moving average price is $3.56 and its two-hundred day moving average price is $3.62.

Putnam Premier Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date of this dividend is Friday, January 24th.

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.