Bank of America Corp DE Acquires 45,534 Shares of Putnam Premier Income Trust (NYSE:PPT)

Bank of America Corp DE grew its stake in shares of Putnam Premier Income Trust (NYSE:PPT) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 219,685 shares of the investment management company’s stock after purchasing an additional 45,534 shares during the quarter. Bank of America Corp DE’s holdings in Putnam Premier Income Trust were worth $782,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. South Plains Financial Inc. purchased a new position in shares of Putnam Premier Income Trust during the fourth quarter valued at approximately $31,000. Integrated Wealth Concepts LLC grew its position in Putnam Premier Income Trust by 5.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 111,817 shares of the investment management company’s stock worth $398,000 after purchasing an additional 6,041 shares during the period. 1607 Capital Partners LLC increased its position in Putnam Premier Income Trust by 94.0% during the fourth quarter. 1607 Capital Partners LLC now owns 1,961,373 shares of the investment management company’s stock valued at $6,982,000 after acquiring an additional 950,379 shares during the last quarter. Oder Investment Management LLC increased its position in shares of Putnam Premier Income Trust by 7.8% during the 4th quarter. Oder Investment Management LLC now owns 71,644 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 5,188 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Putnam Premier Income Trust during the fourth quarter valued at approximately $2,128,000. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Down 0.9%

NYSE PPT opened at $3.66 on Monday. Putnam Premier Income Trust has a 52 week low of $3.40 and a 52 week high of $3.74. The stock’s 50-day moving average price is $3.60 and its 200-day moving average price is $3.59.

Putnam Premier Income Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a dividend of $0.026 per share. The ex-dividend date was Monday, May 19th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.54%.

Putnam Premier Income Trust 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.