Commonwealth Equity Services LLC Cuts Holdings in Putnam Premier Income Trust (PPT)

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Commonwealth Equity Services LLC reduced its position in shares of Putnam Premier Income Trust (NYSE:PPT) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,121 shares of the investment management company’s stock after selling 99,500 shares during the period. Commonwealth Equity Services LLC’s holdings in Putnam Premier Income Trust were worth $1,792,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. purchased a new stake in Putnam Premier Income Trust during the 4th quarter worth approximately $54,000. CWM LLC purchased a new stake in Putnam Premier Income Trust during the 4th quarter worth approximately $60,000. Raymond James & Associates increased its stake in Putnam Premier Income Trust by 1.6% during the 4th quarter. Raymond James & Associates now owns 796,588 shares of the investment management company’s stock worth $3,736,000 after buying an additional 12,921 shares in the last quarter. Creative Planning increased its stake in Putnam Premier Income Trust by 70.6% during the 4th quarter. Creative Planning now owns 31,769 shares of the investment management company’s stock worth $149,000 after buying an additional 13,148 shares in the last quarter. Finally, Quad Cities Investment Group LLC increased its stake in Putnam Premier Income Trust by 4.4% during the 4th quarter. Quad Cities Investment Group LLC now owns 409,971 shares of the investment management company’s stock worth $1,922,000 after buying an additional 17,178 shares in the last quarter. Institutional investors own 17.41% of the company’s stock.

NYSE:PPT opened at $5.11 on Friday. Putnam Premier Income Trust has a 12 month low of $4.56 and a 12 month high of $5.50.

The business also recently announced a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 22nd will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 8.22%. The ex-dividend date of this dividend is Thursday, March 21st.

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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.

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

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