Raymond James Financial Inc. Makes New $2.13 Million Investment in Putnam Premier Income Trust (NYSE:PPT)

Raymond James Financial Inc. bought a new stake in shares of Putnam Premier Income Trust (NYSE:PPT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PPT. Sit Investment Associates Inc. raised its stake in shares of Putnam Premier Income Trust by 8.4% during the 4th quarter. Sit Investment Associates Inc. now owns 21,876,912 shares of the investment management company's stock valued at $77,882,000 after purchasing an additional 1,689,141 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Putnam Premier Income Trust by 0.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,779,876 shares of the investment management company's stock valued at $13,456,000 after buying an additional 18,675 shares during the period. Invesco Ltd. increased its position in shares of Putnam Premier Income Trust by 2.0% during the fourth quarter. Invesco Ltd. now owns 1,154,335 shares of the investment management company's stock valued at $4,109,000 after buying an additional 23,113 shares during the period. Essential Planning LLC. purchased a new stake in shares of Putnam Premier Income Trust in the fourth quarter worth about $817,000. Finally, Riverbridge Partners LLC boosted its position in shares of Putnam Premier Income Trust by 63.2% in the fourth quarter. Riverbridge Partners LLC now owns 200,954 shares of the investment management company's stock valued at $715,000 after acquiring an additional 77,799 shares during the period. Hedge funds and other institutional investors own 42.79% of the company's stock.

Putnam Premier Income Trust Stock Performance

Putnam Premier Income Trust stock traded up $0.00 during midday trading on Tuesday, reaching $3.64. 68,518 shares of the stock were exchanged, compared to its average volume of 165,827. Putnam Premier Income Trust has a 52 week low of $3.40 and a 52 week high of $3.74. The company's fifty day moving average is $3.57 and its 200-day moving average is $3.58.

Putnam Premier Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a $0.026 dividend. The ex-dividend date was Thursday, April 17th. This represents a $0.31 annualized dividend and a dividend yield of 8.56%.

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.