Riverbridge Partners LLC Has $2.16 Million Stake in Putnam Premier Income Trust $PPT

Riverbridge Partners LLC increased its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 157.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 609,426 shares of the investment management company’s stock after acquiring an additional 372,890 shares during the quarter. Riverbridge Partners LLC’s holdings in Putnam Premier Income Trust were worth $2,157,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PPT. Baird Financial Group Inc. bought a new position in Putnam Premier Income Trust during the first quarter worth $80,000. Royal Bank of Canada lifted its stake in shares of Putnam Premier Income Trust by 9.0% during the 1st quarter. Royal Bank of Canada now owns 190,812 shares of the investment management company’s stock worth $689,000 after buying an additional 15,743 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of 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 period. Jane Street Group LLC acquired a new position in Putnam Premier Income Trust in the 2nd quarter valued at about $169,000. Finally, Bank of America Corp DE raised its holdings in 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 acquiring an additional 5,756 shares during the period. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

Shares of PPT stock opened at $3.44 on Friday. Putnam Premier Income Trust has a 12-month low of $3.40 and a 12-month high of $3.77. The firm has a 50 day moving average price of $3.58 and a two-hundred day moving average price of $3.61.

Putnam Premier Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.026 per share. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a 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.