PNC Financial Services Group Inc. Increases Stock Holdings in Putnam Premier Income Trust (NYSE:PPT)

PNC Financial Services Group Inc. boosted its position in shares of Putnam Premier Income Trust (NYSE:PPT) by 631.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,540 shares of the investment management company’s stock after acquiring an additional 39,310 shares during the period. PNC Financial Services Group Inc.’s holdings in Putnam Premier Income Trust were worth $162,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Putnam Premier Income Trust by 109.8% in the 4th quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 7,177 shares during the period. XTX Topco Ltd purchased a new stake in shares of Putnam Premier Income Trust in the third quarter worth $54,000. IHT Wealth Management LLC raised its position in shares of Putnam Premier Income Trust by 88.4% in the third quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company’s stock worth $73,000 after buying an additional 9,183 shares in the last quarter. Stifel Financial Corp boosted its stake 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 buying an additional 4,978 shares during the period. Finally, Mezzasalma Advisors LLC purchased a new position in Putnam Premier Income Trust during the fourth quarter worth about $250,000. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

Shares of NYSE PPT opened at $3.58 on Monday. The stock’s 50-day simple moving average is $3.59 and its two-hundred day simple moving average is $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 business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 8.73%. The ex-dividend date is Monday, March 17th.

About Putnam Premier Income Trust

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.