Future Financial Wealth Managment LLC Cuts Holdings in Putnam Premier Income Trust (NYSE:PPT)

Future Financial Wealth Managment LLC lessened its position in shares of Putnam Premier Income Trust (NYSE:PPTFree Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,282 shares of the investment management company’s stock after selling 9,348 shares during the period. Future Financial Wealth Managment LLC’s holdings in Putnam Premier Income Trust were worth $442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in Putnam Premier Income Trust by 273.0% during the 3rd quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company’s stock worth $738,000 after purchasing an additional 144,906 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of Putnam Premier Income Trust by 77.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 105,920 shares of the investment management company’s stock worth $395,000 after acquiring an additional 46,135 shares in the last quarter. Valley Brook Capital Group Inc. lifted its holdings in shares of Putnam Premier Income Trust by 9.2% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 95,984 shares of the investment management company’s stock valued at $358,000 after acquiring an additional 8,109 shares in the last quarter. Creative Planning boosted its position in Putnam Premier Income Trust by 8.3% during the 2nd quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock worth $300,000 after purchasing an additional 6,400 shares during the period. Finally, Stifel Financial Corp increased its holdings in Putnam Premier Income Trust by 12.3% in the 3rd quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock valued at $169,000 after purchasing an additional 4,978 shares in the last quarter. 42.79% of the stock is currently owned by institutional investors and hedge funds.

Putnam Premier Income Trust Trading Down 0.3 %

NYSE:PPT traded down $0.01 during mid-day trading on Monday, hitting $3.54. The company had a trading volume of 96,238 shares, compared to its average volume of 125,884. The business has a fifty day simple moving average of $3.56 and a 200-day simple moving average of $3.62. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.74.

Putnam Premier Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a yield of 8.81%. The ex-dividend date of this dividend is Friday, January 24th.

Putnam Premier Income Trust Company Profile

(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.

See Also

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

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