Shaker Financial Services LLC decreased its stake in Putnam Premier Income Trust (NYSE:PPT - Free Report) by 67.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,546 shares of the investment management company's stock after selling 177,760 shares during the period. Shaker Financial Services LLC owned 0.09% of Putnam Premier Income Trust worth $303,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in PPT. Jones Financial Companies Lllp boosted its holdings in Putnam Premier Income Trust by 109.8% in the fourth 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 in the last quarter. XTX Topco Ltd bought a new position in shares of Putnam Premier Income Trust in the 3rd quarter worth $54,000. PNC Financial Services Group Inc. grew its position in Putnam Premier Income Trust by 631.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 45,540 shares of the investment management company's stock valued at $162,000 after purchasing an additional 39,310 shares during the period. Stifel Financial Corp increased its stake 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 valued at $169,000 after purchasing an additional 4,978 shares in the last quarter. Finally, Mezzasalma Advisors LLC acquired a new position in Putnam Premier Income Trust during the fourth quarter worth $250,000. 42.79% of the stock is currently owned by institutional investors.
Putnam Premier Income Trust Trading Up 0.7 %
Shares of PPT traded up $0.03 on Friday, reaching $3.59. The company's stock had a trading volume of 107,612 shares, compared to its average volume of 166,459. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.74. The firm has a fifty day moving average of $3.57 and a 200-day moving average of $3.58.
Putnam Premier Income Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a $0.026 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.70%.
About Putnam Premier Income Trust
(
Free Report)
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.
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