Shaker Financial Services LLC Has $303,000 Holdings in Putnam Premier Income Trust (NYSE:PPT)

Shaker Financial Services LLC decreased its stake in Putnam Premier Income Trust (NYSE:PPT - Free Report) by 67.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 84,546 shares of the investment management company's stock after selling 177,760 shares during the quarter. Shaker Financial Services LLC owned 0.09% of Putnam Premier Income Trust worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sit Investment Associates Inc. boosted 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 buying an additional 1,689,141 shares during the period. Allspring Global Investments Holdings LLC boosted 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 valued at $13,456,000 after buying an additional 18,675 shares during the period. 1607 Capital Partners LLC boosted its stake in shares of Putnam Premier Income Trust by 94.0% during the 4th quarter. 1607 Capital Partners LLC now owns 1,961,373 shares of the investment management company's stock valued at $6,982,000 after buying an additional 950,379 shares during the period. Invesco Ltd. boosted its stake 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 buying an additional 23,113 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Putnam Premier Income Trust during the 4th quarter valued at $2,128,000. Hedge funds and other institutional investors own 42.79% of the company's stock.

Putnam Premier Income Trust Trading Up 0.7 %

Shares of NYSE:PPT traded up $0.03 during trading on Friday, reaching $3.59. 107,612 shares of the company traded hands, compared to its average volume of 166,330. The firm has a fifty day simple moving average of $3.57 and a 200 day simple moving average of $3.58. Putnam Premier Income Trust has a 1-year low of $3.40 and a 1-year high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.026 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date is Thursday, April 17th.

Putnam Premier Income Trust 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.