Putnam Premier Income Trust (NYSE:PPT) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 714,222 shares of the investment management company’s stock after selling 53,923 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Putnam Premier Income Trust were worth $2,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PPT. Luken Investment Analytics LLC acquired a new stake in Putnam Premier Income Trust during the 2nd quarter valued at approximately $29,000. Gilman Hill Asset Management LLC purchased a new position in shares of Putnam Premier Income Trust during the 2nd quarter valued at approximately $54,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Putnam Premier Income Trust during the 3rd quarter valued at approximately $105,000. Catalina Capital Group LLC purchased a new position in shares of Putnam Premier Income Trust during the 2nd quarter valued at approximately $197,000. Finally, Creative Planning increased its holdings in shares of 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 valued at $300,000 after purchasing an additional 6,400 shares in the last quarter. 42.79% of the stock is currently owned by institutional investors and hedge funds.

Putnam Premier Income Trust Price Performance

Shares of NYSE PPT opened at $3.59 on Tuesday. The firm has a fifty day moving average of $3.67 and a 200 day moving average of $3.60. Putnam Premier Income Trust has a one year low of $3.37 and a one year high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date is Friday, November 22nd.

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.