Putnam Premier Income Trust (NYSE:PPT) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its position in shares of Putnam Premier Income Trust (NYSE:PPT - Free Report) by 73.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,079 shares of the investment management company's stock after selling 144,906 shares during the period. International Assets Investment Management LLC owned 0.06% of Putnam Premier Income Trust worth $190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PPT. Future Financial Wealth Managment LLC increased its holdings in shares of Putnam Premier Income Trust by 5.8% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company's stock valued at $498,000 after acquiring an additional 7,382 shares during the period. Pin Oak Investment Advisors Inc. increased its stake in Putnam Premier Income Trust by 77.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 105,920 shares of the investment management company's stock valued at $395,000 after purchasing an additional 46,135 shares during the period. Valley Brook Capital Group Inc. raised its holdings in shares of Putnam Premier Income Trust by 9.2% in the third quarter. Valley Brook Capital Group Inc. now owns 95,984 shares of the investment management company's stock valued at $358,000 after buying an additional 8,109 shares during the last quarter. Creative Planning boosted its stake in shares of Putnam Premier Income Trust by 8.3% during 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 period. Finally, Stifel Financial Corp grew its holdings in shares of Putnam Premier Income Trust by 12.3% during the third 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 last quarter. Hedge funds and other institutional investors own 42.79% of the company's stock.

Putnam Premier Income Trust Stock Up 0.3 %

PPT traded up $0.01 on Tuesday, hitting $3.55. 137,084 shares of the company traded hands, compared to its average volume of 133,936. Putnam Premier Income Trust has a 12-month low of $3.40 and a 12-month high of $3.74. The company has a 50 day moving average of $3.56 and a 200-day moving average of $3.62.

Putnam Premier Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a dividend yield of 8.79%. The ex-dividend date of this dividend is Friday, January 24th.

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.