Mezzasalma Advisors LLC Makes New Investment in Putnam Premier Income Trust (NYSE:PPT)

Mezzasalma Advisors LLC purchased a new position in Putnam Premier Income Trust (NYSE:PPT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 70,095 shares of the investment management company’s stock, valued at approximately $250,000. Mezzasalma Advisors LLC owned about 0.07% of Putnam Premier Income Trust as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in shares of Putnam Premier Income Trust in the third quarter worth $54,000. IHT Wealth Management LLC grew its holdings in Putnam Premier Income Trust by 88.4% in the 3rd quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company’s stock worth $73,000 after acquiring an additional 9,183 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in shares of Putnam Premier Income Trust by 73.3% in the third quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company’s stock valued at $97,000 after acquiring an additional 11,000 shares during the period. Dynamic Advisor Solutions LLC bought a new position in shares of Putnam Premier Income Trust during the third quarter valued at about $105,000. Finally, Stifel Financial Corp boosted its holdings in shares of 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. 42.79% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Stock Performance

Shares of NYSE:PPT opened at $3.61 on Friday. The stock’s 50-day moving average is $3.58 and its 200 day moving average is $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 Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were paid a dividend of $0.026 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.31 annualized dividend and a dividend yield of 8.64%.

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.