International Assets Investment Management LLC Purchases 136,413 Shares of Putnam Premier Income Trust (NYSE:PPT)

International Assets Investment Management LLC raised its position in shares of Putnam Premier Income Trust (NYSE:PPT) by 257.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,492 shares of the investment management company’s stock after purchasing an additional 136,413 shares during the period. International Assets Investment Management LLC’s holdings in Putnam Premier Income Trust were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Eclectic Associates Inc. ADV bought a new position in shares of Putnam Premier Income Trust in the 4th quarter worth $42,000. Melfa Wealth Management LLC bought a new position in shares of Putnam Premier Income Trust in the 3rd quarter worth $55,000. Columbia Asset Management bought a new position in shares of Putnam Premier Income Trust in the 3rd quarter worth $67,000. Raymond James Trust N.A. bought a new position in shares of Putnam Premier Income Trust in the 4th quarter worth $77,000. Finally, Register Financial Advisors LLC bought a new position in shares of Putnam Premier Income Trust in the 4th quarter worth $77,000. 42.79% of the stock is owned by institutional investors.

Putnam Premier Income Trust Price Performance

PPT opened at $3.44 on Thursday. Putnam Premier Income Trust has a 12 month low of $3.25 and a 12 month high of $3.72. The stock has a fifty day moving average price of $3.53 and a 200-day moving average price of $3.52.

Putnam Premier Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be given a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend is Thursday, May 23rd.

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.