Raymond James Financial Services Advisors Inc. Buys 19,620 Shares of Putnam Premier Income Trust (NYSE:PPT)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of Putnam Premier Income Trust (NYSE:PPTGet Rating) by 7.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,665 shares of the investment management company’s stock after purchasing an additional 19,620 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Putnam Premier Income Trust were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in shares of Putnam Premier Income Trust by 47.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 662,175 shares of the investment management company’s stock valued at $2,523,000 after purchasing an additional 213,809 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in shares of Putnam Premier Income Trust by 5.3% during the 2nd quarter. Sit Investment Associates Inc. now owns 15,125,608 shares of the investment management company’s stock valued at $57,477,000 after purchasing an additional 756,919 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Putnam Premier Income Trust by 5.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 66,818 shares of the investment management company’s stock valued at $254,000 after purchasing an additional 3,616 shares during the last quarter. MGO One Seven LLC bought a new stake in shares of Putnam Premier Income Trust during the 2nd quarter valued at approximately $39,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Putnam Premier Income Trust during the 2nd quarter worth approximately $82,000. 28.83% of the stock is owned by institutional investors.

Putnam Premier Income Trust Price Performance

PPT opened at $3.77 on Friday. Putnam Premier Income Trust has a fifty-two week low of $3.46 and a fifty-two week high of $4.20. The company’s 50 day moving average price is $3.69 and its two-hundred day moving average price is $3.73.

Putnam Premier Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 24th will be issued a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Monday, January 23rd.

Putnam Premier Income Trust Profile

(Get Rating)

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.

Further Reading

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

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