Pin Oak Investment Advisors Inc. Buys 46,135 Shares of Putnam Premier Income Trust (NYSE:PPT)

Pin Oak Investment Advisors Inc. boosted its position in Putnam Premier Income Trust (NYSE:PPT) by 77.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,920 shares of the investment management company’s stock after purchasing an additional 46,135 shares during the period. Pin Oak Investment Advisors Inc. owned about 0.11% of Putnam Premier Income Trust worth $395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Luken Investment Analytics LLC bought a new position in Putnam Premier Income Trust in the 2nd quarter worth about $29,000. Gilman Hill Asset Management LLC bought a new stake in Putnam Premier Income Trust during the second quarter valued at $54,000. Dynamic Advisor Solutions LLC purchased a new position in Putnam Premier Income Trust during the third quarter worth about $105,000. Catalina Capital Group LLC purchased a new position in Putnam Premier Income Trust during the second quarter worth about $197,000. Finally, Creative Planning increased its stake in Putnam Premier Income Trust by 8.3% in the 2nd quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock worth $300,000 after acquiring an additional 6,400 shares during the last quarter. 42.79% of the stock is owned by institutional investors.

Putnam Premier Income Trust Trading Down 0.6 %

Shares of PPT opened at $3.51 on Thursday. Putnam Premier Income Trust has a 12-month low of $3.39 and a 12-month high of $3.74. The stock has a 50-day moving average price of $3.63 and a 200-day moving average price of $3.60.

Putnam Premier Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date is Friday, November 22nd.

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.