Sterneck Capital Management LLC increased its stake in Putnam Premier Income Trust (NYSE:PPT) by 16.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,140 shares of the investment management company’s stock after acquiring an additional 22,140 shares during the period. Sterneck Capital Management LLC’s holdings in Putnam Premier Income Trust were worth $832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Columbia Asset Management bought a new stake in shares of Putnam Premier Income Trust in the 4th quarter valued at about $107,000. Resources Investment Advisors Inc. bought a new stake in shares of Putnam Premier Income Trust in the 4th quarter valued at about $245,000. Ballew Advisors Inc bought a new stake in shares of Putnam Premier Income Trust in the 4th quarter valued at about $263,000. Creative Planning bought a new stake in shares of Putnam Premier Income Trust in the 4th quarter valued at about $111,000. Finally, BerganKDV Wealth Management LLC lifted its stake in shares of Putnam Premier Income Trust by 143.5% in the 4th quarter. BerganKDV Wealth Management LLC now owns 46,108 shares of the investment management company’s stock valued at $246,000 after acquiring an additional 27,169 shares during the last quarter. 15.23% of the stock is owned by institutional investors.

Shares of Putnam Premier Income Trust (NYSE PPT) opened at $5.17 on Friday. Putnam Premier Income Trust has a 52 week low of $5.05 and a 52 week high of $5.68.

The business also recently announced a monthly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 23rd will be paid a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend is Thursday, February 22nd.

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Putnam Premier Income Trust Company Profile

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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