Transform Wealth LLC Buys Shares of 156,049 Putnam Premier Income Trust (NYSE:PPT)

Transform Wealth LLC purchased a new position in Putnam Premier Income Trust (NYSE:PPT) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 156,049 shares of the investment management company’s stock, valued at approximately $560,000.

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

Putnam Premier Income Trust Stock Up 0.1 %

Putnam Premier Income Trust stock 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 firm’s 50 day simple moving average is $3.56 and its 200 day simple moving average is $3.62.

Putnam Premier Income Trust Announces Dividend

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

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.