Investors Asset Management of Georgia Inc. GA ADV Makes New $43,000 Investment in Putnam Premier Income Trust (NYSE:PPT)

Investors Asset Management of Georgia Inc. GA ADV purchased a new position in Putnam Premier Income Trust (NYSE:PPT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,038 shares of the investment management company’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Karpus Management Inc. lifted its holdings in shares of Putnam Premier Income Trust by 2.1% during the third quarter. Karpus Management Inc. now owns 1,112,755 shares of the investment management company’s stock worth $3,728,000 after purchasing an additional 22,620 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Putnam Premier Income Trust by 3.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,534,182 shares of the investment management company’s stock worth $8,490,000 after purchasing an additional 90,606 shares during the period. Raymond James Trust N.A. acquired a new stake in shares of Putnam Premier Income Trust during the fourth quarter worth about $77,000. Columbia Asset Management acquired a new stake in shares of Putnam Premier Income Trust during the third quarter worth about $67,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Putnam Premier Income Trust by 2.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 478,161 shares of the investment management company’s stock worth $1,602,000 after purchasing an additional 11,165 shares during the period. Institutional investors and hedge funds own 42.79% of the company’s stock.

Putnam Premier Income Trust Price Performance

Shares of NYSE:PPT opened at $3.47 on Friday. Putnam Premier Income Trust has a 12-month low of $3.25 and a 12-month high of $3.72. The business has a 50 day moving average of $3.54 and a two-hundred day moving average of $3.51.

Putnam Premier Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 24th will be issued a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date is Tuesday, April 23rd.

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.