Columbia Asset Management bought a new stake in Putnam Premier Income Trust (NYSE:PPT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,000 shares of the investment management company’s stock, valued at approximately $108,000.

A number of other large investors have also bought and sold shares of the business. Pinnacle Associates Ltd. purchased a new stake in Putnam Premier Income Trust in the second quarter valued at $119,000. Arlington Capital Management Inc. purchased a new stake in Putnam Premier Income Trust in the second quarter valued at $776,000. BB&T Securities LLC raised its position in Putnam Premier Income Trust by 115.9% in the second quarter. BB&T Securities LLC now owns 178,500 shares of the investment management company’s stock valued at $969,000 after purchasing an additional 95,825 shares during the period. Finally, Wedbush Securities Inc. raised its position in Putnam Premier Income Trust by 8.8% in the second quarter. Wedbush Securities Inc. now owns 22,206 shares of the investment management company’s stock valued at $121,000 after purchasing an additional 1,805 shares during the period. Institutional investors own 12.89% of the company’s stock.

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Shares of Putnam Premier Income Trust (NYSE PPT) remained flat at $5.37 during midday trading on Monday. 56,373 shares of the company’s stock traded hands. Putnam Premier Income Trust has a 52-week low of $4.72 and a 52-week high of $5.68. The stock has a 50-day moving average price of $5.37 and a 200-day moving average price of $5.31.

The company also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 22nd will be given a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Thursday, September 21st.

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.

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

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