Raymond James & Associates Sells 7,067 Shares of Putnam Premier Income Trust (NYSE:PPT)

Raymond James & Associates reduced its position in shares of Putnam Premier Income Trust (NYSE:PPT) by 1.6% in the fourth quarter, Holdings Channel reports. The fund owned 448,422 shares of the investment management company’s stock after selling 7,067 shares during the quarter. Raymond James & Associates’ holdings in Putnam Premier Income Trust were worth $1,601,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its position in 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 during the last quarter. Wealthsource Partners LLC bought a new stake in Putnam Premier Income Trust during the third quarter worth approximately $41,000. Eclectic Associates Inc. ADV purchased a new stake in Putnam Premier Income Trust during the fourth quarter valued at approximately $42,000. B. Riley Wealth Advisors Inc. purchased a new stake in Putnam Premier Income Trust during the third quarter valued at approximately $46,000. Finally, Citadel Advisors LLC bought a new stake in shares of Putnam Premier Income Trust in the 3rd quarter valued at approximately $46,000. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Price Performance

NYSE PPT opened at $3.47 on Friday. The business’s 50 day moving average price is $3.54 and its 200-day moving average price is $3.51. Putnam Premier Income Trust has a fifty-two week low of $3.25 and a fifty-two week high of $3.72.

Putnam Premier Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a yield of 9.00%. The ex-dividend date is Tuesday, April 23rd.

Putnam Premier Income Trust 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.