Stifel Financial Corp Purchases 4,978 Shares of Putnam Premier Income Trust (NYSE:PPT)

Stifel Financial Corp raised its position in shares of Putnam Premier Income Trust (NYSE:PPT) by 12.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,431 shares of the investment management company’s stock after buying an additional 4,978 shares during the period. Stifel Financial Corp’s holdings in Putnam Premier Income Trust were worth $169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Raymond James & Associates increased its holdings 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. Luken Investment Analytics LLC acquired a new stake in shares of Putnam Premier Income Trust in the second quarter valued at $29,000. Creative Planning raised its holdings 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 valued at $300,000 after buying an additional 6,400 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Putnam Premier Income Trust during the 3rd quarter worth about $105,000. Finally, Future Financial Wealth Managment LLC grew its holdings in Putnam Premier Income Trust by 5.8% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company’s stock worth $498,000 after acquiring an additional 7,382 shares during the last quarter. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

Shares of PPT stock opened at $3.51 on Tuesday. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.74. The firm’s 50 day moving average is $3.58 and its 200-day moving average is $3.62.

Putnam Premier Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a yield of 8.89%. The ex-dividend date is Monday, December 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.