International Assets Investment Management LLC Raises Stock Holdings in Putnam Premier Income Trust (NYSE:PPT)

International Assets Investment Management LLC lifted its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 257.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,492 shares of the investment management company’s stock after purchasing an additional 136,413 shares during the quarter. International Assets Investment Management LLC owned 0.19% of Putnam Premier Income Trust worth $676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Transform Wealth LLC grew its holdings in shares of Putnam Premier Income Trust by 2.2% during the fourth quarter. Transform Wealth LLC now owns 131,600 shares of the investment management company’s stock worth $470,000 after purchasing an additional 2,800 shares in the last quarter. Lazari Capital Management Inc. grew its holdings in shares of Putnam Premier Income Trust by 29.1% during the third quarter. Lazari Capital Management Inc. now owns 34,757 shares of the investment management company’s stock worth $116,000 after purchasing an additional 7,842 shares in the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of Putnam Premier Income Trust by 44.4% during the third quarter. Landscape Capital Management L.L.C. now owns 27,553 shares of the investment management company’s stock worth $92,000 after purchasing an additional 8,473 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Putnam Premier Income Trust by 2.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 478,161 shares of the investment management company’s stock worth $1,602,000 after purchasing an additional 11,165 shares in the last quarter. Finally, Eclectic Associates Inc. ADV purchased a new stake in Putnam Premier Income Trust in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Down 1.4 %

Shares of PPT opened at $3.44 on Thursday. The stock has a 50 day simple moving average of $3.53 and a two-hundred day simple moving average of $3.52. Putnam Premier Income Trust has a 1 year low of $3.25 and a 1 year high of $3.72.

Putnam Premier Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 24th will be paid a $0.026 dividend. This represents a $0.31 annualized dividend and a yield of 9.07%. The ex-dividend date of this dividend is Thursday, May 23rd.

About Putnam Premier Income Trust

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.