Access Financial Services Inc. trimmed its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 58.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,037 shares of the investment management company’s stock after selling 178,792 shares during the period. Access Financial Services Inc.’s holdings in Putnam Premier Income Trust were worth $587,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its stake in shares of Putnam Premier Income Trust by 6.0% during the 1st quarter. AdvisorNet Financial Inc now owns 52,600 shares of the investment management company’s stock worth $256,000 after purchasing an additional 3,000 shares during the period. BerganKDV Wealth Management LLC raised its stake in Putnam Premier Income Trust by 127.5% in the 1st quarter. BerganKDV Wealth Management LLC now owns 129,088 shares of the investment management company’s stock valued at $629,000 after acquiring an additional 72,358 shares during the period. Cetera Investment Advisers bought a new stake in Putnam Premier Income Trust in the 4th quarter valued at about $66,000. Stifel Financial Corp raised its stake in Putnam Premier Income Trust by 719.5% in the 1st quarter. Stifel Financial Corp now owns 92,050 shares of the investment management company’s stock valued at $448,000 after acquiring an additional 80,817 shares during the period. Finally, Valley Brook Capital Group bought a new stake in Putnam Premier Income Trust in the 4th quarter valued at about $220,000.
Shares of Putnam Premier Income Trust stock opened at $4.65 on Monday. Putnam Premier Income Trust has a 52-week low of $4.35 and a 52-week high of $4.89. The firm has a 50-day moving average price of $4.68.
The company also recently disclosed a monthly dividend, which will be paid on Monday, August 2nd. Investors of record on Friday, July 23rd will be paid a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend is Thursday, July 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.
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