Raymond James & Associates Trims Stock Position in Putnam Premier Income Trust (NYSE:PPT)

Raymond James & Associates trimmed its stake in Putnam Premier Income Trust (NYSE:PPT) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 448,422 shares of the investment management company’s stock after selling 7,067 shares during the period. Raymond James & Associates owned 0.46% of Putnam Premier Income Trust worth $1,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PPT. Invesco Ltd. raised its stake in Putnam Premier Income Trust by 19.0% in the first quarter. Invesco Ltd. now owns 1,273,011 shares of the investment management company’s stock worth $5,079,000 after buying an additional 203,297 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Putnam Premier Income Trust by 56.5% during the 1st quarter. Bank of America Corp DE now owns 445,454 shares of the investment management company’s stock worth $1,777,000 after acquiring an additional 160,869 shares during the period. Creative Planning raised its position in shares of Putnam Premier Income Trust by 864.9% in the 3rd quarter. Creative Planning now owns 166,693 shares of the investment management company’s stock worth $558,000 after acquiring an additional 149,417 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Putnam Premier Income Trust by 3.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,534,182 shares of the investment management company’s stock valued at $8,490,000 after purchasing an additional 90,606 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Putnam Premier Income Trust by 64.8% during the first quarter. Cetera Investment Advisers now owns 113,957 shares of the investment management company’s stock valued at $406,000 after purchasing an additional 44,802 shares in the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Stock Up 0.3 %

Shares of PPT stock opened at $3.47 on Friday. The business’s fifty day moving average is $3.54 and its 200 day moving average is $3.51. Putnam Premier Income Trust has a twelve month low of $3.25 and a twelve month high of $3.72.

Putnam Premier Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 24th will be given a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date of this dividend is Tuesday, April 23rd.

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.