70,095 Shares in Putnam Premier Income Trust (NYSE:PPT) Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC purchased a new stake in shares of Putnam Premier Income Trust (NYSE:PPT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 70,095 shares of the investment management company’s stock, valued at approximately $250,000.

Other hedge funds have also bought and sold shares of the company. Creative Planning lifted its holdings in shares of Putnam Premier Income Trust by 8.3% during the second quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock valued at $300,000 after purchasing an additional 6,400 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Putnam Premier Income Trust during the third quarter valued at $105,000. Gilman Hill Asset Management LLC boosted its holdings in Putnam Premier Income Trust by 73.3% in the third quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company’s stock worth $97,000 after acquiring an additional 11,000 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Putnam Premier Income Trust by 273.0% in the third quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company’s stock worth $738,000 after acquiring an additional 144,906 shares during the last quarter. Finally, Valley Brook Capital Group Inc. grew its stake in shares of 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 worth $358,000 after acquiring an additional 8,109 shares during the last quarter. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Down 0.3 %

PPT opened at $3.61 on Friday. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.74. The stock has a 50-day moving average price of $3.58 and a 200-day moving average price of $3.62.

Putnam Premier Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were given a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a dividend yield of 8.64%. The ex-dividend date was Friday, January 24th.

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.