Putnam Premier Income Trust (NYSE:PPT) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. reduced its holdings in Putnam Premier Income Trust (NYSE:PPT - Free Report) by 66.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,056 shares of the investment management company's stock after selling 173,138 shares during the period. Landscape Capital Management L.L.C. owned 0.09% of Putnam Premier Income Trust worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PPT. Allspring Global Investments Holdings LLC increased its holdings in 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 during the last quarter. Raymond James & Associates grew its position 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 during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Putnam Premier Income Trust by 273.0% during the 3rd quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company's stock valued at $738,000 after acquiring an additional 144,906 shares during the last quarter. Future Financial Wealth Managment LLC raised its stake 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 period. Finally, Valley Brook Capital Group Inc. boosted its stake in Putnam Premier Income Trust by 9.2% during the third quarter. Valley Brook Capital Group Inc. now owns 95,984 shares of the investment management company's stock worth $358,000 after buying an additional 8,109 shares during the period. Institutional investors and hedge funds own 42.79% of the company's stock.

Putnam Premier Income Trust Stock Performance

Shares of PPT stock traded up $0.03 on Monday, hitting $3.54. The stock had a trading volume of 179,066 shares, compared to its average volume of 148,163. The business has a 50 day moving average price of $3.64 and a 200 day moving average price of $3.60. Putnam Premier Income Trust has a one year low of $3.39 and a one year high of $3.74.

Putnam Premier Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.81%. 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.