Putnam Premier Income Trust $PPT Shares Acquired by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its holdings in Putnam Premier Income Trust (NYSE:PPT) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,292,873 shares of the investment management company’s stock after acquiring an additional 992,088 shares during the period. Putnam Premier Income Trust comprises approximately 2.0% of Sit Investment Associates Inc.’s portfolio, making the stock its 8th largest position. Sit Investment Associates Inc. owned 29.39% of Putnam Premier Income Trust worth $100,157,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PPT. Integrated Wealth Concepts LLC lifted its holdings in Putnam Premier Income Trust by 2.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 114,650 shares of the investment management company’s stock worth $414,000 after buying an additional 2,833 shares during the last quarter. Integrity Advisory Solutions LLC boosted its holdings in shares of Putnam Premier Income Trust by 38.8% in the 4th quarter. Integrity Advisory Solutions LLC now owns 16,659 shares of the investment management company’s stock valued at $59,000 after buying an additional 4,656 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Putnam Premier Income Trust by 104.1% in the 4th quarter. Global Retirement Partners LLC now owns 10,354 shares of the investment management company’s stock valued at $37,000 after buying an additional 5,282 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Putnam Premier Income Trust by 3.0% in the 2nd quarter. Bank of America Corp DE now owns 194,999 shares of the investment management company’s stock valued at $716,000 after buying an additional 5,756 shares in the last quarter. Finally, Intellus Advisors LLC boosted its holdings in shares of Putnam Premier Income Trust by 8.6% in the 4th quarter. Intellus Advisors LLC now owns 144,211 shares of the investment management company’s stock valued at $511,000 after buying an additional 11,432 shares in the last quarter. Institutional investors and hedge funds own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

Shares of Putnam Premier Income Trust stock opened at $3.44 on Friday. The company has a fifty day simple moving average of $3.49 and a 200-day simple moving average of $3.55. 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 business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.026 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend 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.