Putnam Premier Income Trust (NYSE:PPT) Position Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in Putnam Premier Income Trust (NYSE:PPT) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 165,071 shares of the investment management company’s stock after selling 8,718 shares during the quarter. Commonwealth Equity Services LLC owned 0.17% of Putnam Premier Income Trust worth $588,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp grew its holdings in shares of Putnam Premier Income Trust by 109.8% in the 4th quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company’s stock worth $49,000 after acquiring an additional 7,177 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Putnam Premier Income Trust in the 3rd quarter valued at $54,000. IHT Wealth Management LLC increased its stake 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 purchasing an additional 9,183 shares in the last quarter. Stifel Financial Corp raised its holdings in Putnam Premier Income Trust by 12.3% during the 3rd quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock worth $169,000 after buying an additional 4,978 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Putnam Premier Income Trust by 631.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 45,540 shares of the investment management company’s stock valued at $162,000 after buying an additional 39,310 shares in the last quarter. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Trading Down 2.9 %

Shares of PPT opened at $3.49 on Friday. Putnam Premier Income Trust has a one year low of $3.40 and a one year high of $3.74. The company has a 50-day moving average of $3.60 and a two-hundred day moving average of $3.60.

Putnam Premier Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date was Monday, March 17th.

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.