Putnam Premier Income Trust (NYSE:PPT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Putnam Premier Income Trust (NYSE:PPT) by 9.2% in the third quarter, Holdings Channel reports. The firm owned 3,761,201 shares of the investment management company’s stock after selling 383,000 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Putnam Premier Income Trust were worth $14,029,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in Putnam Premier Income Trust by 32.6% during the 2nd quarter. Raymond James & Associates now owns 391,987 shares of the investment management company’s stock worth $1,403,000 after buying an additional 96,312 shares during the last quarter. Future Financial Wealth Managment LLC raised its position 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 valued at $498,000 after acquiring an additional 7,382 shares in the last quarter. Valley Brook Capital Group Inc. lifted its stake in Putnam Premier Income Trust by 32.0% during the second quarter. Valley Brook Capital Group Inc. now owns 87,875 shares of the investment management company’s stock worth $315,000 after purchasing an additional 21,325 shares during the last quarter. Creative Planning boosted its holdings in Putnam Premier Income Trust by 8.3% in the second quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock worth $300,000 after purchasing an additional 6,400 shares during the period. Finally, Catalina Capital Group LLC acquired a new position in Putnam Premier Income Trust in the second quarter worth $197,000. 42.79% of the stock is owned by institutional investors.

Putnam Premier Income Trust Price Performance

Shares of NYSE:PPT opened at $3.62 on Friday. The company’s fifty day moving average is $3.69 and its two-hundred day moving average is $3.59. Putnam Premier Income Trust has a 1-year low of $3.26 and a 1-year high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.026 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.31 annualized dividend and a yield of 8.62%.

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.