Shaker Financial Services LLC Cuts Holdings in Putnam Master Intermediate Income Trust (NYSE:PIM)

Shaker Financial Services LLC decreased its position in Putnam Master Intermediate Income Trust (NYSE:PIM) by 43.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,196 shares of the company’s stock after selling 102,531 shares during the period. Shaker Financial Services LLC owned 0.28% of Putnam Master Intermediate Income Trust worth $461,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. WMG Financial Advisors LLC purchased a new stake in shares of Putnam Master Intermediate Income Trust during the second quarter valued at approximately $64,000. FDx Advisors Inc. purchased a new stake in shares of Putnam Master Intermediate Income Trust during the 2nd quarter valued at $77,000. Janney Montgomery Scott LLC raised its stake in shares of Putnam Master Intermediate Income Trust by 14.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 99,247 shares of the company’s stock worth $318,000 after purchasing an additional 12,823 shares during the period. Consolidated Portfolio Review Corp boosted its holdings in shares of Putnam Master Intermediate Income Trust by 4.9% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 252,041 shares of the company’s stock worth $813,000 after buying an additional 11,882 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Putnam Master Intermediate Income Trust by 9.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 812,604 shares of the company’s stock valued at $2,621,000 after buying an additional 69,175 shares during the period. Institutional investors own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Performance

NYSE PIM opened at $3.28 on Friday. Putnam Master Intermediate Income Trust has a 52-week low of $3.00 and a 52-week high of $3.45. The company has a 50-day simple moving average of $3.36 and a 200 day simple moving average of $3.27.

Putnam Master Intermediate Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.022 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.26 annualized dividend and a dividend yield of 8.05%.

Putnam Master Intermediate Income Trust Company Profile

Putnam Master Intermediate 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 fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.