Northwestern Mutual Wealth Management Co. Acquires 9,750 Shares of Putnam Premier Income Trust (NYSE:PPT)

Northwestern Mutual Wealth Management Co. increased its holdings in Putnam Premier Income Trust (NYSE:PPTGet Rating) by 164.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,679 shares of the investment management company’s stock after acquiring an additional 9,750 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Putnam Premier Income Trust were worth $60,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. San Luis Wealth Advisors LLC bought a new position in shares of Putnam Premier Income Trust in the first quarter valued at approximately $135,000. Janney Montgomery Scott LLC lifted its stake in Putnam Premier Income Trust by 47.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 662,175 shares of the investment management company’s stock valued at $2,523,000 after acquiring an additional 213,809 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Putnam Premier Income Trust during the 1st quarter worth $50,000. Steward Partners Investment Advisory LLC grew its stake in shares of Putnam Premier Income Trust by 24.7% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 63,202 shares of the investment management company’s stock worth $252,000 after acquiring an additional 12,536 shares in the last quarter. Finally, Valley Brook Capital Group Inc. raised its holdings in shares of Putnam Premier Income Trust by 43.6% in the first quarter. Valley Brook Capital Group Inc. now owns 46,075 shares of the investment management company’s stock valued at $183,000 after purchasing an additional 14,000 shares during the last quarter. Institutional investors and hedge funds own 28.43% of the company’s stock.

Putnam Premier Income Trust Stock Performance

Putnam Premier Income Trust stock opened at $3.71 on Friday. Putnam Premier Income Trust has a fifty-two week low of $3.46 and a fifty-two week high of $4.49. The firm’s 50-day simple moving average is $3.63 and its 200 day simple moving average is $3.77.

Putnam Premier Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 23rd will be paid a $0.026 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.41%.

About Putnam Premier Income Trust

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

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