Stifel Financial Corp Purchases 4,978 Shares of Putnam Premier Income Trust (NYSE:PPT)

Stifel Financial Corp grew its holdings in Putnam Premier Income Trust (NYSE:PPT) by 12.3% during the 3rd quarter, Holdings Channel reports. The firm owned 45,431 shares of the investment management company’s stock after purchasing an additional 4,978 shares during the period. Stifel Financial Corp’s holdings in Putnam Premier Income Trust were worth $169,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Luken Investment Analytics LLC acquired a new position in Putnam Premier Income Trust in the second quarter valued at approximately $29,000. IHT Wealth Management LLC lifted its stake in shares of Putnam Premier Income Trust by 88.4% in the 3rd quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 9,183 shares during the period. Gilman Hill Asset Management LLC lifted its stake in shares of Putnam Premier Income Trust by 73.3% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company’s stock valued at $97,000 after purchasing an additional 11,000 shares during the period. Dynamic Advisor Solutions LLC bought a new position in shares of Putnam Premier Income Trust in the 3rd quarter worth $105,000. Finally, Creative Planning grew its stake 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 worth $300,000 after purchasing an additional 6,400 shares during the period. Institutional investors and hedge funds own 42.79% of the company’s stock.

Putnam Premier Income Trust Price Performance

NYSE:PPT opened at $3.51 on Tuesday. Putnam Premier Income Trust has a 1-year low of $3.40 and a 1-year high of $3.74. The business’s 50-day moving average price is $3.58 and its two-hundred day moving average price is $3.62.

Putnam Premier Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 23rd will be given a $0.026 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.89%.

About Putnam Premier Income Trust

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.