Cetera Investment Advisers Reduces Position in Putnam Premier Income Trust (NYSE:PPT)

Cetera Investment Advisers trimmed its position in Putnam Premier Income Trust (NYSE:PPT) by 29.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,753 shares of the investment management company’s stock after selling 18,205 shares during the period. Cetera Investment Advisers’ holdings in Putnam Premier Income Trust were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PPT. South Plains Financial Inc. acquired a new position in Putnam Premier Income Trust in the fourth quarter valued at approximately $31,000. Captrust Financial Advisors acquired a new position in shares of Putnam Premier Income Trust during the fourth quarter worth approximately $47,000. Jones Financial Companies Lllp boosted its position 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 buying an additional 7,177 shares during the period. Citadel Advisors LLC acquired a new position in shares of Putnam Premier Income Trust during the fourth quarter worth approximately $110,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Putnam Premier Income Trust by 631.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 45,540 shares of the investment management company’s stock worth $162,000 after buying an additional 39,310 shares during the period. 42.79% of the stock is currently owned by institutional investors and hedge funds.

Putnam Premier Income Trust Trading Down 0.7%

Shares of NYSE PPT opened at $3.69 on Tuesday. The stock has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $3.59. Putnam Premier Income Trust has a 12-month low of $3.40 and a 12-month high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.026 per share. The ex-dividend date was Monday, May 19th. This represents a $0.31 annualized dividend and a dividend yield of 8.47%.

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.