Landscape Capital Management L.L.C. Cuts Holdings in Putnam Premier Income Trust (NYSE:PPT)

Landscape Capital Management L.L.C. decreased its position in shares of Putnam Premier Income Trust (NYSE:PPTGet Rating) by 27.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,588 shares of the investment management company’s stock after selling 14,761 shares during the period. Landscape Capital Management L.L.C.’s holdings in Putnam Premier Income Trust were worth $142,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PPT. Geneos Wealth Management Inc. grew its position in shares of Putnam Premier Income Trust by 217.9% during the first quarter. Geneos Wealth Management Inc. now owns 7,042 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 4,827 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Putnam Premier Income Trust in the 2nd quarter valued at about $31,000. CoreCap Advisors LLC bought a new position in shares of Putnam Premier Income Trust in the 2nd quarter valued at about $35,000. Kestra Advisory Services LLC bought a new position in shares of Putnam Premier Income Trust in the 3rd quarter valued at about $37,000. Finally, MGO One Seven LLC bought a new position in shares of Putnam Premier Income Trust in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 28.83% of the company’s stock.

Putnam Premier Income Trust Stock Down 0.8 %

Shares of NYSE:PPT opened at $3.77 on Monday. Putnam Premier Income Trust has a 12 month low of $3.46 and a 12 month high of $4.20. The company has a 50-day moving average price of $3.69 and a 200 day moving average price of $3.72.

Putnam Premier Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Tuesday, January 24th will be issued a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date of this dividend is Monday, January 23rd.

Putnam Premier Income Trust Company Profile

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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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Institutional Ownership by Quarter for Putnam Premier Income Trust (NYSE:PPT)

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