Putnam Premier Income Trust (NYSE:PPT) Sets New 52-Week High at $5.44
Putnam Premier Income Trust (NYSE:PPT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $5.44 and last traded at $5.44, with a volume of 900 shares. The stock had previously closed at $5.41.
The stock has a 50 day simple moving average of $5.32 and a 200-day simple moving average of $5.24.
The firm also recently declared a monthly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 24th were paid a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 7.72%.
Hedge funds have recently modified their holdings of the business. Arbor Wealth Management LLC purchased a new stake in Putnam Premier Income Trust in the 3rd quarter worth $5,935,000. Citizens Financial Group Inc RI purchased a new stake in Putnam Premier Income Trust in the 2nd quarter worth $245,000. D Orazio & Associates Inc. purchased a new stake in Putnam Premier Income Trust in the 3rd quarter worth $31,000. Mid Atlantic Financial Management Inc. ADV purchased a new stake in Putnam Premier Income Trust in the 2nd quarter worth $64,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Putnam Premier Income Trust in the 2nd quarter worth $35,000. Institutional investors and hedge funds own 14.89% of the company’s stock.
Putnam Premier Income Trust Company Profile (NYSE:PPT)
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.
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