Level Four Advisory Services LLC Acquires 23,544 Shares of Putnam Premier Income Trust (NYSE:PPT)

Level Four Advisory Services LLC lifted its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 49.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,384 shares of the investment management company’s stock after purchasing an additional 23,544 shares during the quarter. Level Four Advisory Services LLC owned 0.07% of Putnam Premier Income Trust worth $254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Intellus Advisors LLC acquired a new position in Putnam Premier Income Trust in the 4th quarter valued at $362,000. Essential Planning LLC. bought a new position in shares of Putnam Premier Income Trust in the fourth quarter worth $817,000. PNC Financial Services Group Inc. increased its position in shares of Putnam Premier Income Trust by 631.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 45,540 shares of the investment management company’s stock worth $162,000 after purchasing an additional 39,310 shares during the period. Raymond James Financial Inc. acquired a new position in Putnam Premier Income Trust in the fourth quarter valued at about $2,128,000. Finally, Jones Financial Companies Lllp lifted its position in 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 purchasing an additional 7,177 shares during the period. 42.79% of the stock is currently owned by institutional investors and hedge funds.

Putnam Premier Income Trust Price Performance

PPT stock opened at $3.64 on Wednesday. The company’s 50-day moving average price is $3.60 and its two-hundred day moving average price is $3.60. 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 company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.026 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.31 dividend on an annualized basis and a yield of 8.58%.

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.