Future Financial Wealth Managment LLC Has $498,000 Position in Putnam Premier Income Trust (NYSE:PPT)

Future Financial Wealth Managment LLC increased its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 133,630 shares of the investment management company’s stock after acquiring an additional 7,382 shares during the period. Future Financial Wealth Managment LLC owned about 0.14% of Putnam Premier Income Trust worth $498,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Luken Investment Analytics LLC acquired a new position in Putnam Premier Income Trust in the second quarter valued at about $29,000. Gilman Hill Asset Management LLC acquired a new position in Putnam Premier Income Trust in the second quarter valued at about $54,000. Nomura Holdings Inc. acquired a new position in Putnam Premier Income Trust in the fourth quarter valued at about $59,000. Dynamic Advisor Solutions LLC acquired a new position in Putnam Premier Income Trust in the third quarter valued at about $105,000. Finally, Sanders Morris Harris LLC acquired a new position in Putnam Premier Income Trust in the first quarter valued at about $118,000. 42.79% of the stock is currently owned by institutional investors and hedge funds.

Putnam Premier Income Trust Trading Down 0.1 %

Shares of PPT stock opened at $3.68 on Wednesday. Putnam Premier Income Trust has a 1 year low of $3.25 and a 1 year high of $3.74. The firm’s 50 day moving average is $3.68 and its 200-day moving average is $3.58.

Putnam Premier Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.026 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.49%.

Putnam Premier Income Trust Company 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.