Putnam Premier Income Trust (PPT) Shares Bought by Pinnacle Advisory Group Inc.

Pinnacle Advisory Group Inc. increased its stake in Putnam Premier Income Trust (NYSE:PPT) by 24.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 171,023 shares of the investment management company’s stock after acquiring an additional 33,900 shares during the period. Pinnacle Advisory Group Inc.’s holdings in Putnam Premier Income Trust were worth $910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sanders Morris Harris LLC acquired a new stake in shares of Putnam Premier Income Trust in the third quarter worth approximately $212,000. BerganKDV Wealth Management LLC acquired a new stake in shares of Putnam Premier Income Trust in the third quarter worth approximately $101,000. Sterneck Capital Management LLC acquired a new stake in shares of Putnam Premier Income Trust in the second quarter worth approximately $592,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Putnam Premier Income Trust by 19.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 298,258 shares of the investment management company’s stock worth $1,620,000 after acquiring an additional 48,801 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of 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 worth $1,172,000 after acquiring an additional 100,642 shares during the last quarter. 12.95% of the stock is currently owned by institutional investors and hedge funds.

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Putnam Premier Income Trust (NYSE PPT) traded up 0.19% during midday trading on Friday, hitting $5.32. 212,780 shares of the company traded hands. Putnam Premier Income Trust has a 12-month low of $4.72 and a 12-month high of $5.68. The stock has a 50 day moving average price of $5.35 and a 200-day moving average price of $5.33.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 24th will be issued a $0.026 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 5.86%.

Putnam Premier Income Trust 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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