Commonwealth Equity Services LLC Has $588,000 Holdings in Putnam Premier Income Trust (NYSE:PPT)

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

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

Putnam Premier Income Trust Trading Down 2.9 %

Shares of NYSE:PPT opened at $3.49 on Friday. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.74. The business has a fifty day simple moving average of $3.60 and a 200 day simple moving average of $3.60.

Putnam Premier Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a dividend 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.