Landscape Capital Management L.L.C. acquired a new stake in Putnam Premier Income Trust (NYSE:PPT) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 246,067 shares of the investment management company’s stock, valued at approximately $1,144,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Graves Light Private Wealth Management Inc. bought a new stake in Putnam Premier Income Trust in the fourth quarter worth approximately $44,000. Birchcreek Wealth Management LLC bought a new stake in Putnam Premier Income Trust in the 4th quarter valued at $47,000. CWM LLC bought a new stake in Putnam Premier Income Trust in the 4th quarter valued at $47,000. Kestra Advisory Services LLC acquired a new position in shares of Putnam Premier Income Trust in the 4th quarter valued at $55,000. Finally, Cypress Wealth Services LLC raised its stake in shares of Putnam Premier Income Trust by 200.0% in the 4th quarter. Cypress Wealth Services LLC now owns 15,000 shares of the investment management company’s stock valued at $70,000 after buying an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 24.13% of the company’s stock.
Shares of PPT stock opened at $4.72 on Tuesday. Putnam Premier Income Trust has a 12-month low of $3.50 and a 12-month high of $5.56. The firm has a 50-day moving average price of $4.68 and a 200 day moving average price of $4.61.
Putnam Premier Income Trust Company Profile
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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