Pin Oak Investment Advisors Inc. Buys 46,135 Shares of Putnam Premier Income Trust (NYSE:PPT)

Pin Oak Investment Advisors Inc. raised its stake in Putnam Premier Income Trust (NYSE:PPT) by 77.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 105,920 shares of the investment management company’s stock after acquiring an additional 46,135 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in Putnam Premier Income Trust were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Valley Brook Capital Group Inc. increased 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 buying an additional 8,109 shares during the period. International Assets Investment Management LLC grew its holdings in Putnam Premier Income Trust by 273.0% in the 3rd 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. Gilman Hill Asset Management LLC increased its position in shares of 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 valued at $97,000 after acquiring an additional 11,000 shares during the period. Future Financial Wealth Managment LLC boosted its holdings in shares of Putnam Premier Income Trust by 5.8% during the third quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company’s stock worth $498,000 after purchasing an additional 7,382 shares during the period. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Putnam Premier Income Trust in the third quarter worth about $105,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Down 0.6 %

PPT opened at $3.51 on Thursday. Putnam Premier Income Trust has a one year low of $3.39 and a one year high of $3.74. The business has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $3.60.

Putnam Premier Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be given a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date of this dividend is Friday, November 22nd.

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.