Shaker Financial Services LLC Sells 54,717 Shares of Putnam Premier Income Trust (NYSE:PPT)

Shaker Financial Services LLC reduced its stake in shares of Putnam Premier Income Trust (NYSE:PPT) by 17.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 262,306 shares of the investment management company’s stock after selling 54,717 shares during the quarter. Shaker Financial Services LLC’s holdings in Putnam Premier Income Trust were worth $985,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Luken Investment Analytics LLC bought a new stake in shares of Putnam Premier Income Trust during the 2nd quarter worth approximately $29,000. Gilman Hill Asset Management LLC acquired a new position in Putnam Premier Income Trust during the second quarter valued at approximately $54,000. Dynamic Advisor Solutions LLC bought a new stake in Putnam Premier Income Trust during the third quarter worth $105,000. Catalina Capital Group LLC acquired a new stake in shares of Putnam Premier Income Trust in the 2nd quarter valued at $197,000. Finally, Creative Planning increased its stake in shares of Putnam Premier Income Trust by 8.3% in the 2nd quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock valued at $300,000 after purchasing an additional 6,400 shares during the last quarter. 42.79% of the stock is owned by institutional investors.

Putnam Premier Income Trust Stock Performance

Shares of PPT stock opened at $3.57 on Thursday. The business has a fifty day simple moving average of $3.68 and a 200 day simple moving average of $3.60. Putnam Premier Income Trust has a twelve month low of $3.37 and a twelve month high of $3.74.

Putnam Premier Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be issued a $0.026 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.74%.

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.