Raymond James Financial Inc. Takes Position in Putnam Premier Income Trust (NYSE:PPT)

Raymond James Financial Inc. purchased a new position in shares of Putnam Premier Income Trust (NYSE:PPT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 597,848 shares of the investment management company's stock, valued at approximately $2,128,000. Raymond James Financial Inc. owned 0.62% of Putnam Premier Income Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in Putnam Premier Income Trust by 109.8% during the fourth quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company's stock valued at $49,000 after acquiring an additional 7,177 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Putnam Premier Income Trust by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,779,876 shares of the investment management company's stock worth $13,456,000 after purchasing an additional 18,675 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Putnam Premier Income Trust by 2.0% during the 4th quarter. Invesco Ltd. now owns 1,154,335 shares of the investment management company's stock valued at $4,109,000 after purchasing an additional 23,113 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in shares of Putnam Premier Income Trust by 49.2% during the 4th quarter. Level Four Advisory Services LLC now owns 71,384 shares of the investment management company's stock valued at $254,000 after purchasing an additional 23,544 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Putnam Premier Income Trust by 631.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 45,540 shares of the investment management company's stock valued at $162,000 after purchasing an additional 39,310 shares during the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Stock Performance

Shares of NYSE PPT traded down $0.01 during mid-day trading on Friday, reaching $3.63. 195,736 shares of the company traded hands, compared to its average volume of 166,211. The company's fifty day moving average is $3.57 and its two-hundred day moving average is $3.58. Putnam Premier Income Trust has a fifty-two week low of $3.40 and a fifty-two week high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.026 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.60%.

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.