MML Investors Services LLC Decreases Stock Position in Putnam Premier Income Trust (NYSE:PPT)

MML Investors Services LLC trimmed its position in shares of Putnam Premier Income Trust (NYSE:PPT) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,548 shares of the investment management company’s stock after selling 7,410 shares during the period. MML Investors Services LLC owned approximately 0.10% of Putnam Premier Income Trust worth $349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PPT. Raymond James & Associates grew its stake in Putnam Premier Income Trust by 32.6% during the 2nd quarter. Raymond James & Associates now owns 391,987 shares of the investment management company’s stock valued at $1,403,000 after purchasing an additional 96,312 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Putnam Premier Income Trust by 43.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,144,201 shares of the investment management company’s stock worth $14,836,000 after buying an additional 1,261,737 shares in the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of Putnam Premier Income Trust during the second quarter worth approximately $29,000. Creative Planning increased its stake in shares of Putnam Premier Income Trust by 8.3% in the second quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock worth $300,000 after buying an additional 6,400 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Putnam Premier Income Trust in the third quarter valued at $105,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Price Performance

Shares of PPT stock opened at $3.58 on Wednesday. The firm has a fifty day moving average of $3.58 and a two-hundred day moving average of $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 company also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 23rd will be paid a $0.026 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.31 dividend on an annualized basis and a yield of 8.72%.

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.