Riverbridge Partners LLC Acquires 5,839 Shares of Putnam Premier Income Trust $PPT

Riverbridge Partners LLC increased its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 233,294 shares of the investment management company’s stock after buying an additional 5,839 shares during the quarter. Riverbridge Partners LLC owned 0.24% of Putnam Premier Income Trust worth $856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PPT. IFP Advisors Inc increased its holdings in Putnam Premier Income Trust by 138.0% in the 1st quarter. IFP Advisors Inc now owns 11,850 shares of the investment management company’s stock worth $43,000 after purchasing an additional 6,871 shares in the last quarter. Baird Financial Group Inc. acquired a new position in Putnam Premier Income Trust in the 1st quarter worth about $80,000. Ethos Financial Group LLC acquired a new position in Putnam Premier Income Trust in the 1st quarter worth about $96,000. Citadel Advisors LLC acquired a new position in Putnam Premier Income Trust in the 4th quarter worth about $110,000. Finally, Gilman Hill Asset Management LLC increased its holdings in Putnam Premier Income Trust by 22.8% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 35,000 shares of the investment management company’s stock worth $128,000 after purchasing an additional 6,500 shares in the last quarter. Institutional investors and hedge funds own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Down 0.3%

Shares of PPT opened at $3.71 on Friday. Putnam Premier Income Trust has a 12-month low of $3.40 and a 12-month high of $3.77. The business has a 50-day simple moving average of $3.68 and a two-hundred day simple moving average of $3.64.

Putnam Premier Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a $0.026 dividend. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Friday, October 17th.

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.