Valley Brook Capital Group Inc. Increases Stock Position in Putnam Premier Income Trust (NYSE:PPT)

Valley Brook Capital Group Inc. raised its position in Putnam Premier Income Trust (NYSE:PPT) by 9.2% in the third quarter, Holdings Channel reports. The institutional investor owned 95,984 shares of the investment management company’s stock after purchasing an additional 8,109 shares during the period. Valley Brook Capital Group Inc.’s holdings in Putnam Premier Income Trust were worth $358,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PPT. International Assets Investment Management LLC grew its holdings in Putnam Premier Income Trust by 273.0% in the third quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company’s stock valued at $738,000 after purchasing an additional 144,906 shares during the period. Gilman Hill Asset Management LLC raised its position in 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 worth $97,000 after acquiring an additional 11,000 shares during the period. Future Financial Wealth Managment LLC grew its position in shares of Putnam Premier Income Trust by 5.8% in the third quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company’s stock valued at $498,000 after purchasing an additional 7,382 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in shares of Putnam Premier Income Trust during the third quarter worth about $105,000. Finally, Creative Planning raised its position in shares of Putnam Premier Income Trust by 8.3% during the 2nd 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 last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Price Performance

Shares of Putnam Premier Income Trust stock traded up $0.01 during mid-day trading on Thursday, reaching $3.58. 64,752 shares of the stock traded hands, compared to its average volume of 146,194. Putnam Premier Income Trust has a fifty-two week low of $3.37 and a fifty-two week high of $3.74. The business has a 50-day moving average of $3.68 and a 200 day moving average of $3.60.

Putnam Premier Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be issued a $0.026 dividend. This represents a $0.31 annualized dividend and a yield of 8.72%. The ex-dividend date of this dividend is Friday, November 22nd.

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.