Janney Montgomery Scott LLC Sells 59,144 Shares of Putnam Premier Income Trust (NYSE:PPT)

Janney Montgomery Scott LLC reduced its stake in Putnam Premier Income Trust (NYSE:PPT) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 655,078 shares of the investment management company’s stock after selling 59,144 shares during the period. Janney Montgomery Scott LLC’s holdings in Putnam Premier Income Trust were worth $2,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in shares of Putnam Premier Income Trust in the third quarter worth approximately $54,000. IHT Wealth Management LLC boosted its position in Putnam Premier Income Trust by 88.4% during the 3rd quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company’s stock valued at $73,000 after buying an additional 9,183 shares during the period. Gilman Hill Asset Management LLC boosted its position in Putnam Premier Income Trust by 73.3% during 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 buying an additional 11,000 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in Putnam Premier Income Trust in the 3rd quarter worth $105,000. Finally, Stifel Financial Corp increased its position in shares of Putnam Premier Income Trust by 12.3% in the third quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock valued at $169,000 after acquiring an additional 4,978 shares during the period. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Up 0.6 %

Shares of NYSE:PPT opened at $3.62 on Friday. The company has a 50-day moving average price of $3.57 and a 200-day moving average price of $3.62. 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 firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be given a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend is Friday, January 24th.

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.