Valley Brook Capital Group Inc. Reduces Stock Holdings in Putnam Premier Income Trust (NYSE:PPT)

Valley Brook Capital Group Inc. cut its position in shares of Putnam Premier Income Trust (NYSE:PPT) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,596 shares of the investment management company’s stock after selling 7,388 shares during the period. Valley Brook Capital Group Inc. owned approximately 0.09% of Putnam Premier Income Trust worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PPT. XTX Topco Ltd purchased a new stake in shares of Putnam Premier Income Trust during the 3rd quarter valued at approximately $54,000. IHT Wealth Management LLC raised its position in Putnam Premier Income Trust by 88.4% in 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 period. Dynamic Advisor Solutions LLC purchased a new stake in Putnam Premier Income Trust in the third quarter valued at $105,000. Stifel Financial Corp lifted its stake in shares of Putnam Premier Income Trust by 12.3% in the 3rd quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 4,978 shares during the last quarter. Finally, Mezzasalma Advisors LLC acquired a new stake in shares of Putnam Premier Income Trust during the 4th quarter worth about $250,000. 42.79% of the stock is currently owned by institutional investors and hedge funds.

Putnam Premier Income Trust Trading Up 0.1 %

Shares of PPT opened at $3.63 on Wednesday. The firm has a 50-day simple moving average of $3.58 and a two-hundred day simple moving average of $3.62. Putnam Premier Income Trust has a 1-year low of $3.40 and a 1-year high of $3.74.

Putnam Premier Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be paid a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a yield of 8.61%. The ex-dividend date is Monday, February 24th.

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.