Putnam Premier Income Trust (NYSE:PPT) Shares Bought by IHT Wealth Management LLC

IHT Wealth Management LLC lifted its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 88.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,566 shares of the investment management company’s stock after buying an additional 9,183 shares during the quarter. IHT Wealth Management LLC’s holdings in Putnam Premier Income Trust were worth $73,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position 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 valued at $14,836,000 after acquiring an additional 1,261,737 shares during the last quarter. Raymond James & Associates boosted its holdings in Putnam Premier Income Trust by 32.6% in the 2nd quarter. Raymond James & Associates now owns 391,987 shares of the investment management company’s stock valued at $1,403,000 after purchasing an additional 96,312 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Putnam Premier Income Trust by 273.0% in the 3rd quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company’s stock valued at $738,000 after buying an additional 144,906 shares during the period. Future Financial Wealth Managment LLC increased its holdings in shares of Putnam Premier Income Trust by 5.8% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company’s stock worth $498,000 after buying an additional 7,382 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. raised its position in shares of 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 buying an additional 46,135 shares during the period. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Trading Down 0.3 %

NYSE PPT opened at $3.60 on Thursday. The stock has a fifty day simple moving average of $3.60 and a 200-day simple moving average of $3.61. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 23rd will be issued a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date is Monday, December 23rd.

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.