Allworth Financial LP Invests $188,000 in Putnam Premier Income Trust $PPT

Allworth Financial LP acquired a new stake in Putnam Premier Income Trust (NYSE:PPT) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 51,176 shares of the investment management company’s stock, valued at approximately $188,000. Allworth Financial LP owned 0.05% of Putnam Premier Income Trust as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in PPT. Sit Investment Associates Inc. boosted its position in Putnam Premier Income Trust by 5.0% during the first quarter. Sit Investment Associates Inc. now owns 22,981,484 shares of the investment management company’s stock worth $82,963,000 after purchasing an additional 1,104,572 shares during the period. 1607 Capital Partners LLC boosted its holdings in Putnam Premier Income Trust by 11.7% in the 1st quarter. 1607 Capital Partners LLC now owns 2,190,650 shares of the investment management company’s stock worth $7,908,000 after buying an additional 229,277 shares during the period. Invesco Ltd. boosted its holdings in Putnam Premier Income Trust by 1.1% in the 1st quarter. Invesco Ltd. now owns 1,166,601 shares of the investment management company’s stock worth $4,211,000 after buying an additional 12,266 shares during the period. Janney Montgomery Scott LLC grew its stake in Putnam Premier Income Trust by 2.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 677,347 shares of the investment management company’s stock valued at $2,486,000 after buying an additional 19,161 shares in the last quarter. Finally, Riverbridge Partners LLC grew its stake in Putnam Premier Income Trust by 2.6% in the 2nd quarter. Riverbridge Partners LLC now owns 233,294 shares of the investment management company’s stock valued at $856,000 after buying an additional 5,839 shares in the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Stock Performance

NYSE:PPT opened at $3.59 on Wednesday. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.77. The stock’s fifty day moving average price is $3.67 and its two-hundred day moving average price is $3.67.

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.