Wedbush Securities Inc. trimmed its holdings in shares of Putnam Premier Income Trust (NYSE:PPT) by 19.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,815 shares of the investment management company’s stock after selling 4,389 shares during the period. Wedbush Securities Inc.’s holdings in Putnam Premier Income Trust were worth $84,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new stake in Putnam Premier Income Trust during the 4th quarter valued at $54,000. CWM LLC acquired a new stake in shares of Putnam Premier Income Trust during the fourth quarter worth $60,000. Private Advisor Group LLC boosted its holdings in shares of Putnam Premier Income Trust by 141.3% during 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 during the last quarter. Janney Montgomery Scott LLC boosted its holdings 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 worth $995,000 after purchasing an additional 67,429 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Putnam Premier Income Trust by 58.0% during the third quarter. MML Investors Services LLC now owns 298,773 shares of the investment management company’s stock worth $1,572,000 after purchasing an additional 109,661 shares during the last quarter. 18.90% of the stock is owned by institutional investors and hedge funds.

Shares of PPT stock remained flat at $$5.01 during mid-day trading on Monday. The stock had a trading volume of 44,195 shares, compared to its average volume of 255,791. Putnam Premier Income Trust has a 1-year low of $4.56 and a 1-year high of $5.50.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 22nd will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 8.38%. The ex-dividend date is Thursday, March 21st.

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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.

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

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