Shaker Financial Services LLC Sells 25,186 Shares of Putnam Premier Income Trust (NYSE:PPT)

Shaker Financial Services LLC cut its stake in Putnam Premier Income Trust (NYSE:PPT) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 317,023 shares of the investment management company’s stock after selling 25,186 shares during the period. Shaker Financial Services LLC owned approximately 0.33% of Putnam Premier Income Trust worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC acquired a new stake in Putnam Premier Income Trust in the 2nd quarter valued at $54,000. Nomura Holdings Inc. acquired a new stake in Putnam Premier Income Trust during the 4th quarter valued at $59,000. Gridiron Partners LLC bought a new position in Putnam Premier Income Trust during the fourth quarter worth $103,000. Sanders Morris Harris LLC acquired a new position in shares of Putnam Premier Income Trust in the first quarter valued at $118,000. Finally, Catalina Capital Group LLC bought a new position in shares of Putnam Premier Income Trust in the second quarter valued at about $197,000. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

Shares of NYSE PPT traded down $0.01 during mid-day trading on Thursday, reaching $3.71. 59,142 shares of the company were exchanged, compared to its average volume of 147,729. The company’s 50-day simple moving average is $3.63 and its 200-day simple moving average is $3.55. Putnam Premier Income Trust has a twelve month low of $3.25 and a twelve month high of $3.73.

Putnam Premier Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th will be issued a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date is Tuesday, September 24th.

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.