Putnam Premier Income Trust (NYSE:PPT) Shares Sold by Whitener Capital Management Inc.

Whitener Capital Management Inc. trimmed its holdings in Putnam Premier Income Trust (NYSE:PPT) by 39.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,330 shares of the investment management company’s stock after selling 7,970 shares during the quarter. Whitener Capital Management Inc.’s holdings in Putnam Premier Income Trust were worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PPT. International Assets Investment Management LLC increased its holdings in shares of Putnam Premier Income Trust by 273.0% in the third quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company’s stock valued at $738,000 after buying an additional 144,906 shares in the last quarter. Future Financial Wealth Managment LLC increased its position in Putnam Premier Income Trust by 5.8% during the third quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company’s stock worth $498,000 after buying an additional 7,382 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in Putnam Premier Income Trust by 77.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 105,920 shares of the investment management company’s stock valued at $395,000 after purchasing an additional 46,135 shares during the last quarter. Valley Brook Capital Group Inc. boosted its position in shares of Putnam Premier Income Trust by 9.2% in the third quarter. Valley Brook Capital Group Inc. now owns 95,984 shares of the investment management company’s stock valued at $358,000 after acquiring an additional 8,109 shares during the period. Finally, Creative Planning increased its holdings in shares of Putnam Premier Income Trust by 8.3% during the 2nd quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock worth $300,000 after purchasing an additional 6,400 shares during the period. Institutional investors and hedge funds own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Down 0.1 %

Shares of PPT stock opened at $3.56 on Friday. The stock has a fifty day moving average price of $3.56 and a 200 day moving average price of $3.62. Putnam Premier Income Trust has a one year low of $3.40 and a one year high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be given a $0.026 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.31 annualized dividend and a yield of 8.78%.

About Putnam Premier Income Trust

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.