Resources Investment Advisors Inc. Buys New Holdings in Putnam Premier Income Trust (NYSE:PPT)

Resources Investment Advisors Inc. acquired a new stake in Putnam Premier Income Trust (NYSE:PPT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,000 shares of the investment management company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sit Investment Associates Inc. raised its stake in Putnam Premier Income Trust by 36.4% during the 4th quarter. Sit Investment Associates Inc. now owns 4,622,297 shares of the investment management company’s stock worth $24,637,000 after acquiring an additional 1,233,361 shares in the last quarter. Wells Fargo & Company MN increased its stake in Putnam Premier Income Trust by 6.4% in the third quarter. Wells Fargo & Company MN now owns 1,965,051 shares of the investment management company’s stock valued at $10,454,000 after purchasing an additional 118,813 shares during the period. Sterneck Capital Management LLC acquired a new position in Putnam Premier Income Trust in the second quarter valued at $592,000. Royal Bank of Canada increased its stake in Putnam Premier Income Trust by 87.4% in the second quarter. Royal Bank of Canada now owns 215,786 shares of the investment management company’s stock valued at $1,172,000 after purchasing an additional 100,642 shares during the period. Finally, Doliver Capital Advisors LP acquired a new position in Putnam Premier Income Trust in the third quarter valued at $501,000. Institutional investors and hedge funds own 15.36% of the company’s stock.

Putnam Premier Income Trust (NYSE:PPT) remained flat at $$5.25 during midday trading on Friday. 276,664 shares of the company’s stock were exchanged, compared to its average volume of 412,910. Putnam Premier Income Trust has a twelve month low of $5.05 and a twelve month high of $5.68.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 23rd will be paid a $0.026 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.31 dividend on an annualized basis and a yield of 5.94%.

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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.

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

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