PNC Financial Services Group Inc. Raises Position in Putnam Premier Income Trust (NYSE:PPT)

PNC Financial Services Group Inc. boosted its position in Putnam Premier Income Trust (NYSE:PPT) by 631.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,540 shares of the investment management company’s stock after purchasing an additional 39,310 shares during the period. PNC Financial Services Group Inc.’s holdings in Putnam Premier Income Trust were worth $162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in shares of Putnam Premier Income Trust by 109.8% during the 4th quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company’s stock valued at $49,000 after buying an additional 7,177 shares during the last quarter. XTX Topco Ltd bought a new stake in Putnam Premier Income Trust in the 3rd quarter valued at about $54,000. IHT Wealth Management LLC lifted its holdings in Putnam Premier Income Trust by 88.4% during the third 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 last quarter. Stifel Financial Corp boosted its position in Putnam Premier Income Trust by 12.3% during the third quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock worth $169,000 after purchasing an additional 4,978 shares during the period. Finally, Mezzasalma Advisors LLC bought a new position in Putnam Premier Income Trust during the fourth quarter worth about $250,000. 42.79% of the stock is owned by institutional investors.

Putnam Premier Income Trust Price Performance

NYSE PPT opened at $3.58 on Monday. The company’s 50 day moving average is $3.59 and its 200-day moving average is $3.61. Putnam Premier Income Trust has a 12-month low of $3.40 and a 12-month high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.026 per share. The ex-dividend date is Monday, March 17th. This represents a $0.31 dividend on an annualized basis and a yield of 8.73%.

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.