Stratos Wealth Partners LTD. Trims Stake in Putnam Premier Income Trust $PPT

Stratos Wealth Partners LTD. decreased its position in shares of Putnam Premier Income Trust (NYSE:PPT) by 16.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 52,151 shares of the investment management company’s stock after selling 9,943 shares during the period. Stratos Wealth Partners LTD. owned about 0.05% of Putnam Premier Income Trust worth $191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of Putnam Premier Income Trust by 138.0% in the 1st quarter. IFP Advisors Inc now owns 11,850 shares of the investment management company’s stock worth $43,000 after buying an additional 6,871 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Putnam Premier Income Trust in the 1st quarter worth approximately $80,000. Ethos Financial Group LLC purchased a new stake in shares of Putnam Premier Income Trust in the 1st quarter worth approximately $96,000. Gilman Hill Asset Management LLC grew its stake in shares of Putnam Premier Income Trust by 22.8% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 35,000 shares of the investment management company’s stock worth $128,000 after buying an additional 6,500 shares during the last quarter. Finally, Clear Creek Financial Management LLC grew its stake in shares of Putnam Premier Income Trust by 32.6% in the 1st quarter. Clear Creek Financial Management LLC now owns 51,194 shares of the investment management company’s stock worth $185,000 after buying an additional 12,600 shares during the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

Putnam Premier Income Trust stock opened at $3.63 on Monday. The stock’s 50 day moving average is $3.69 and its 200 day moving average is $3.66. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.77.

Putnam Premier Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.026 per share. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date is Friday, October 17th.

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.