MML Investors Services LLC lessened its position in shares of Putnam Premier Income Trust (NYSE:PPT) by 30.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 152,042 shares of the investment management company’s stock after selling 65,063 shares during the quarter. MML Investors Services LLC owned 0.15% of Putnam Premier Income Trust worth $780,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Strategy Asset Managers LLC purchased a new stake in Putnam Premier Income Trust during the first quarter valued at $49,000. Citizens Financial Group Inc RI bought a new stake in Putnam Premier Income Trust during the second quarter valued at about $245,000. Mid Atlantic Financial Management Inc. ADV bought a new stake in Putnam Premier Income Trust during the second quarter valued at about $64,000. Steward Partners Investment Advisory LLC bought a new stake in Putnam Premier Income Trust during the second quarter valued at about $35,000. Finally, Raymond James & Associates grew its holdings in Putnam Premier Income Trust by 8.1% during the first quarter. Raymond James & Associates now owns 860,964 shares of the investment management company’s stock valued at $4,434,000 after purchasing an additional 64,376 shares during the period. Institutional investors own 13.95% of the company’s stock.
NYSE:PPT traded up $0.02 during mid-day trading on Thursday, hitting $5.26. 263 shares of the company traded hands, compared to its average volume of 157,516. The stock’s fifty day moving average price is $5.28 and its 200-day moving average price is $5.18. Putnam Premier Income Trust has a one year low of $4.56 and a one year high of $5.35.
In other Putnam Premier Income Trust news, insider D William Kohli sold 52,300 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $5.30, for a total transaction of $277,190.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
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