Commonwealth Equity Services LLC Has $2.53 Million Position in Putnam Premier Income Trust (PPT)

Commonwealth Equity Services LLC increased its stake in shares of Putnam Premier Income Trust (NYSE:PPT) by 19.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 481,621 shares of the investment management company’s stock after purchasing an additional 78,681 shares during the quarter. Commonwealth Equity Services LLC owned 0.45% of Putnam Premier Income Trust worth $2,533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PPT. Janney Montgomery Scott LLC grew its stake in shares of Putnam Premier Income Trust by 55.4% during the third quarter. Janney Montgomery Scott LLC now owns 189,080 shares of the investment management company’s stock valued at $995,000 after acquiring an additional 67,429 shares in the last quarter. Wells Fargo & Company MN grew its stake in Putnam Premier Income Trust by 2.5% in the third quarter. Wells Fargo & Company MN now owns 1,799,194 shares of the investment management company’s stock worth $9,463,000 after purchasing an additional 44,720 shares in the last quarter. Private Advisor Group LLC grew its stake in Putnam Premier Income Trust by 141.3% in the third quarter. Private Advisor Group LLC now owns 30,574 shares of the investment management company’s stock worth $161,000 after purchasing an additional 17,903 shares in the last quarter. Sanders Morris Harris LLC grew its stake in Putnam Premier Income Trust by 118.4% in the third quarter. Sanders Morris Harris LLC now owns 86,890 shares of the investment management company’s stock worth $457,000 after purchasing an additional 47,100 shares in the last quarter. Finally, Cahill Financial Advisors Inc. grew its stake in Putnam Premier Income Trust by 22.3% in the second quarter. Cahill Financial Advisors Inc. now owns 74,017 shares of the investment management company’s stock worth $388,000 after purchasing an additional 13,510 shares in the last quarter. 17.43% of the stock is owned by hedge funds and other institutional investors.

NYSE:PPT opened at $4.92 on Friday. Putnam Premier Income Trust has a one year low of $4.81 and a one year high of $5.50.

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 21st will be paid a $0.035 dividend. The ex-dividend date is Thursday, December 20th. This represents a $0.42 dividend on an annualized basis and a yield of 8.54%.

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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.

See Also: Dollar Cost Averaging

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

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