Janney Montgomery Scott LLC Sells 190,312 Shares of Putnam Premier Income Trust (NYSE:PPT)

Janney Montgomery Scott LLC decreased its position in shares of Putnam Premier Income Trust (NYSE:PPT) by 17.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 928,121 shares of the investment management company’s stock after selling 190,312 shares during the period. Janney Montgomery Scott LLC owned approximately 0.96% of Putnam Premier Income Trust worth $3,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in Putnam Premier Income Trust by 13.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,882,464 shares of the investment management company’s stock valued at $10,290,000 after acquiring an additional 348,282 shares during the last quarter. 1607 Capital Partners LLC grew its holdings in shares of Putnam Premier Income Trust by 0.4% in the fourth quarter. 1607 Capital Partners LLC now owns 1,735,894 shares of the investment management company’s stock worth $6,197,000 after purchasing an additional 7,400 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Putnam Premier Income Trust by 257.0% in the fourth quarter. International Assets Investment Management LLC now owns 189,492 shares of the investment management company’s stock worth $676,000 after purchasing an additional 136,413 shares during the last quarter. Transform Wealth LLC grew its holdings in shares of Putnam Premier Income Trust by 2.2% in the fourth quarter. Transform Wealth LLC now owns 131,600 shares of the investment management company’s stock worth $470,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Valley Brook Capital Group Inc. grew its holdings in shares of Putnam Premier Income Trust by 12.3% in the fourth quarter. Valley Brook Capital Group Inc. now owns 40,050 shares of the investment management company’s stock worth $143,000 after purchasing an additional 4,375 shares during the last quarter. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

NYSE PPT opened at $3.61 on Friday. The company’s 50-day moving average price is $3.52 and its 200-day moving average price is $3.55. Putnam Premier Income Trust has a 12 month low of $3.25 and a 12 month high of $3.72.

Putnam Premier Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 24th will be paid a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date of this dividend is Wednesday, July 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.