Allspring Global Investments Holdings LLC Has $13.46 Million Position in Putnam Premier Income Trust (NYSE:PPT)

Allspring Global Investments Holdings LLC raised its position in Putnam Premier Income Trust (NYSE:PPT) by 0.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,779,876 shares of the investment management company’s stock after purchasing an additional 18,675 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Putnam Premier Income Trust were worth $13,456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in Putnam Premier Income Trust in the third quarter valued at about $54,000. IHT Wealth Management LLC boosted its position in 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 valued at $73,000 after buying an additional 9,183 shares in the last quarter. Stifel Financial Corp boosted its position in Putnam Premier Income Trust by 12.3% in 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 in the last quarter. Mezzasalma Advisors LLC acquired a new position in Putnam Premier Income Trust in the fourth quarter valued at about $250,000. Finally, Valley Brook Capital Group Inc. boosted its position in Putnam Premier Income Trust by 9.2% in the third quarter. Valley Brook Capital Group Inc. now owns 95,984 shares of the investment management company’s stock valued at $358,000 after buying an additional 8,109 shares in the last quarter. 42.79% of the stock is currently owned by institutional investors and hedge funds.

Putnam Premier Income Trust Stock Performance

NYSE:PPT opened at $3.61 on Tuesday. Putnam Premier Income Trust has a 12 month low of $3.40 and a 12 month high of $3.74. The company’s 50-day moving average price is $3.58 and its two-hundred day moving average price is $3.62.

Putnam Premier Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be paid a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend is Monday, February 24th.

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.