Putnam Premier Income Trust (PPT) Shares Sold by Sterneck Capital Management LLC

Sterneck Capital Management LLC trimmed its holdings in Putnam Premier Income Trust (NYSE:PPT) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 284,960 shares of the investment management company’s stock after selling 47,070 shares during the period. Putnam Premier Income Trust comprises about 1.3% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Sterneck Capital Management LLC owned about 0.27% of Putnam Premier Income Trust worth $1,336,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Sit Investment Associates Inc. raised its stake in Putnam Premier Income Trust by 58.9% in the fourth quarter. Sit Investment Associates Inc. now owns 6,545,471 shares of the investment management company’s stock valued at $30,698,000 after buying an additional 2,426,120 shares during the period. Raymond James & Associates increased its stake in shares of Putnam Premier Income Trust by 27.6% during the second quarter. Raymond James & Associates now owns 673,017 shares of the investment management company’s stock worth $3,520,000 after purchasing an additional 145,479 shares during the period. MML Investors Services LLC increased its stake in shares of Putnam Premier Income Trust by 58.0% during the third quarter. MML Investors Services LLC now owns 298,773 shares of the investment management company’s stock worth $1,572,000 after purchasing an additional 109,661 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Putnam Premier Income Trust by 19.5% during the third quarter. Commonwealth Equity Services LLC now owns 481,621 shares of the investment management company’s stock worth $2,533,000 after purchasing an additional 78,681 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Putnam Premier Income Trust by 55.4% during the third quarter. Janney Montgomery Scott LLC now owns 189,080 shares of the investment management company’s stock worth $995,000 after purchasing an additional 67,429 shares during the period. 18.90% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust stock opened at $5.01 on Thursday. Putnam Premier Income Trust has a one year low of $4.56 and a one year high of $5.50.

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 22nd will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $0.42 dividend on an annualized basis and a yield of 8.38%.

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Putnam Premier Income Trust Company 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.

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

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