Putnam Premier Income Trust $PPT Shares Sold by 1607 Capital Partners LLC

1607 Capital Partners LLC cut its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,747,144 shares of the investment management company’s stock after selling 306,400 shares during the period. 1607 Capital Partners LLC’s holdings in Putnam Premier Income Trust were worth $6,185,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of Putnam Premier Income Trust during the fourth quarter worth $32,000. Global Retirement Partners LLC increased its position in shares of Putnam Premier Income Trust by 104.1% during the fourth quarter. Global Retirement Partners LLC now owns 10,354 shares of the investment management company’s stock worth $37,000 after purchasing an additional 5,282 shares in the last quarter. UMB Bank n.a. acquired a new position in shares of Putnam Premier Income Trust during the fourth quarter worth $43,000. Integrity Advisory Solutions LLC acquired a new position in shares of Putnam Premier Income Trust during the third quarter worth $44,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Putnam Premier Income Trust during the third quarter worth $57,000. 42.79% of the stock is owned by institutional investors and hedge funds.

Putnam Premier Income Trust Stock Down 0.1%

Shares of PPT stock opened at $3.45 on Thursday. The business’s fifty day simple moving average is $3.48 and its 200-day simple moving average is $3.54. Putnam Premier Income Trust has a 12-month low of $3.41 and a 12-month high of $3.77.

Putnam Premier Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.026 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%.

Putnam Premier Income Trust 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.