W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in Putnam Premier Income Trust (NYSE:PPT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 40,050 shares of the investment management company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MML Investors Services LLC lifted its stake in shares of Putnam Premier Income Trust by 3.9% in the second quarter. MML Investors Services LLC now owns 347,269 shares of the investment management company’s stock valued at $1,886,000 after buying an additional 12,937 shares during the period. Columbia Asset Management bought a new stake in shares of Putnam Premier Income Trust in the second quarter valued at about $108,000. Pinnacle Associates Ltd. bought a new stake in shares of Putnam Premier Income Trust in the second quarter valued at about $119,000. Arlington Capital Management Inc. bought a new stake in shares of Putnam Premier Income Trust in the second quarter valued at about $776,000. Finally, BB&T Securities LLC lifted its stake in shares of Putnam Premier Income Trust by 115.9% in the second quarter. BB&T Securities LLC now owns 178,500 shares of the investment management company’s stock valued at $969,000 after buying an additional 95,825 shares during the period. Institutional investors and hedge funds own 12.88% of the company’s stock.

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Putnam Premier Income Trust (NYSE PPT) traded up 0.94% during midday trading on Friday, hitting $5.37. 188,904 shares of the company traded hands. Putnam Premier Income Trust has a 12-month low of $4.72 and a 12-month high of $5.68. The stock’s 50-day moving average price is $5.36 and its 200 day moving average price is $5.31.

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 24th will be paid a $0.026 dividend. The ex-dividend date of this dividend is Monday, October 23rd. This represents a $0.31 dividend on an annualized basis and a yield of 5.82%.

About Putnam Premier Income Trust

Putnam Premier Income Trust (the Fund) is a diversified closed-end management investment company. The Fund seeks high current income consistent with the preservation of capital by allocating its investments among the United States Government sector, high yield sector and international sector of the fixed-income securities market.

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

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