Putnam Premier Income Trust (NYSE:PPT) Shares Sold by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC reduced its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 7.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 124,282 shares of the investment management company’s stock after selling 9,348 shares during the period. Future Financial Wealth Managment LLC owned approximately 0.13% of Putnam Premier Income Trust worth $442,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. XTX Topco Ltd purchased a new position in Putnam Premier Income Trust in the third quarter valued at about $54,000. IHT Wealth Management LLC grew its holdings in shares of Putnam Premier Income Trust by 88.4% in the 3rd quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company’s stock worth $73,000 after acquiring an additional 9,183 shares during the period. Gilman Hill Asset Management LLC increased its stake in Putnam Premier Income Trust by 73.3% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company’s stock valued at $97,000 after purchasing an additional 11,000 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Putnam Premier Income Trust during the third quarter worth $105,000. Finally, Stifel Financial Corp boosted its position in Putnam Premier Income Trust by 12.3% during the third quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock worth $169,000 after purchasing an additional 4,978 shares in the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Stock Down 0.3 %

Shares of PPT stock traded down $0.01 during trading hours on Monday, hitting $3.54. The company’s stock had a trading volume of 96,238 shares, compared to its average volume of 125,884. The business has a fifty day moving average of $3.56 and a 200-day moving average of $3.62. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.74.

Putnam Premier Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be given a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.81%. The ex-dividend date of this dividend is Friday, January 24th.

About Putnam Premier Income Trust

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.