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% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,776,067 shares of the investment management company’s stock after selling 1,709,860 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Putnam Premier Income Trust were worth $6,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PPT. Riverbridge Partners LLC grew its holdings in Putnam Premier Income Trust by 1.4% during the 3rd quarter. Riverbridge Partners LLC now owns 236,536 shares of the investment management company’s stock valued at $873,000 after purchasing an additional 3,242 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Putnam Premier Income Trust by 16.6% during the second quarter. Osaic Holdings Inc. now owns 250,042 shares of the investment management company’s stock valued at $918,000 after buying an additional 35,615 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Putnam Premier Income Trust in the second quarter worth approximately $465,000. Bank of America Corp DE raised its holdings in shares of Putnam Premier Income Trust by 3.0% in the second quarter. Bank of America Corp DE now owns 194,999 shares of the investment management company’s stock worth $716,000 after buying an additional 5,756 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Putnam Premier Income Trust during the 2nd quarter worth approximately $169,000. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Trading Up 0.4%

PPT stock opened at $3.57 on Wednesday. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.77. The business’s fifty day simple moving average is $3.58 and its two-hundred day simple moving average is $3.64.

Putnam Premier Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a dividend of $0.026 per share. 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%.

Putnam Premier Income Trust Company Profile

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.