Allspring Global Investments Holdings LLC Sells 1,709,860 Shares of Putnam Premier Income Trust $PPT

Allspring Global Investments Holdings LLC lessened its stake in shares of Putnam Premier Income Trust (NYSE:PPT) by 49.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,776,067 shares of the investment management company’s stock after selling 1,709,860 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.84% of Putnam Premier Income Trust worth $6,554,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. purchased a new stake in Putnam Premier Income Trust during the 1st quarter valued at $80,000. Royal Bank of Canada lifted its holdings in shares of Putnam Premier Income Trust by 9.0% during the first quarter. Royal Bank of Canada now owns 190,812 shares of the investment management company’s stock valued at $689,000 after purchasing an additional 15,743 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Putnam Premier Income Trust by 2.5% during the first quarter. Integrated Wealth Concepts LLC now owns 114,650 shares of the investment management company’s stock valued at $414,000 after buying an additional 2,833 shares during the last quarter. Gilman Hill Asset Management LLC boosted its position in shares of Putnam Premier Income Trust by 22.8% during the second quarter. Gilman Hill Asset Management LLC now owns 35,000 shares of the investment management company’s stock valued at $128,000 after buying an additional 6,500 shares during the last quarter. Finally, Riverbridge Partners LLC increased its holdings in Putnam Premier Income Trust by 2.6% in the 2nd quarter. Riverbridge Partners LLC now owns 233,294 shares of the investment management company’s stock worth $856,000 after buying an additional 5,839 shares in the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Price Performance

Shares of NYSE:PPT opened at $3.57 on Wednesday. The business has a 50-day simple moving average of $3.58 and a two-hundred day simple moving average of $3.64. Putnam Premier Income Trust has a fifty-two week low of $3.40 and a fifty-two week high of $3.77.

Putnam Premier Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.026 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

About Putnam Premier Income Trust

Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.

The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.