International Assets Investment Management LLC Acquires 144,906 Shares of Putnam Premier Income Trust (NYSE:PPT)

International Assets Investment Management LLC grew its position in Putnam Premier Income Trust (NYSE:PPT) by 273.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,985 shares of the investment management company’s stock after purchasing an additional 144,906 shares during the quarter. International Assets Investment Management LLC’s holdings in Putnam Premier Income Trust were worth $738,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Luken Investment Analytics LLC acquired a new stake in shares of Putnam Premier Income Trust in the second quarter worth $29,000. Gilman Hill Asset Management LLC acquired a new stake in Putnam Premier Income Trust during the second quarter worth $54,000. Dynamic Advisor Solutions LLC acquired a new stake in Putnam Premier Income Trust during the third quarter worth $105,000. Catalina Capital Group LLC acquired a new stake in Putnam Premier Income Trust during the second quarter worth $197,000. Finally, Creative Planning boosted its stake in Putnam Premier Income Trust by 8.3% during the second quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock worth $300,000 after buying an additional 6,400 shares in the last quarter. Institutional investors and hedge funds own 42.79% of the company’s stock.

Putnam Premier Income Trust Trading Up 0.6 %

PPT opened at $3.60 on Wednesday. The firm’s fifty day moving average price is $3.68 and its two-hundred day moving average price is $3.60. Putnam Premier Income Trust has a fifty-two week low of $3.37 and a fifty-two week high of $3.74.

Putnam Premier Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.026 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.67%.

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.