Quad Cities Investment Group LLC Has $1.01 Million Stock Position in Putnam Premier Income Trust (NYSE:PPT)

Quad Cities Investment Group LLC lowered its stake in shares of Putnam Premier Income Trust (NYSE:PPT) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 284,691 shares of the investment management company’s stock after selling 24,391 shares during the period. Quad Cities Investment Group LLC owned 0.30% of Putnam Premier Income Trust worth $1,014,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in Putnam Premier Income Trust during the third quarter worth approximately $54,000. IHT Wealth Management LLC boosted its stake in shares of Putnam Premier Income Trust by 88.4% during the 3rd quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company’s stock worth $73,000 after acquiring an additional 9,183 shares during the period. Gilman Hill Asset Management LLC increased its holdings in shares of Putnam Premier Income Trust by 73.3% during the 3rd 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 last quarter. Dynamic Advisor Solutions LLC bought a new stake in Putnam Premier Income Trust in the 3rd quarter valued at $105,000. Finally, Stifel Financial Corp lifted its holdings in Putnam Premier Income Trust by 12.3% during the 3rd quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 4,978 shares during the last quarter. Institutional investors and hedge funds own 42.79% of the company’s stock.

Putnam Premier Income Trust Price Performance

PPT stock opened at $3.55 on Tuesday. Putnam Premier Income Trust has a one year low of $3.40 and a one year high of $3.74. The company has a fifty day moving average price of $3.56 and a two-hundred day moving average price of $3.62.

Putnam Premier Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a dividend yield of 8.79%. The ex-dividend date of this dividend is Friday, January 24th.

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.