International Assets Investment Management LLC Sells 21,200 Shares of Putnam Premier Income Trust (NYSE:PPT)

International Assets Investment Management LLC trimmed its position in Putnam Premier Income Trust (NYSE:PPTFree Report) by 39.9% during the 1st quarter, HoldingsChannel reports. The firm owned 31,879 shares of the investment management company’s stock after selling 21,200 shares during the period. International Assets Investment Management LLC’s holdings in Putnam Premier Income Trust were worth $115,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. South Plains Financial Inc. purchased a new stake in shares of Putnam Premier Income Trust during the 4th quarter valued at about $31,000. Captrust Financial Advisors bought a new stake in Putnam Premier Income Trust during the fourth quarter valued at approximately $47,000. Jones Financial Companies Lllp increased its holdings 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 valued at $49,000 after buying an additional 7,177 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Putnam Premier Income Trust during the fourth quarter valued at approximately $110,000. Finally, PNC Financial Services Group Inc. raised its position in 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 acquiring an additional 39,310 shares during the period. 42.79% of the stock is currently owned by institutional investors.

Putnam Premier Income Trust Trading Up 0.7%

Shares of Putnam Premier Income Trust stock opened at $3.68 on Friday. Putnam Premier Income Trust has a 1-year low of $3.40 and a 1-year high of $3.74. The company’s fifty day simple moving average is $3.64 and its 200-day simple moving average is $3.60.

Putnam Premier Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.026 per share. The ex-dividend date is Monday, June 16th. This represents a $0.31 annualized dividend and a yield of 8.49%.

About Putnam Premier Income Trust

(Free Report)

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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