Moors & Cabot Inc. Raises Stock Position in Putnam Master Intermediate Income Trust (NYSE:PIM)

Moors & Cabot Inc. lifted its stake in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) by 26.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,500 shares of the company’s stock after buying an additional 10,500 shares during the quarter. Moors & Cabot Inc. owned about 0.10% of Putnam Master Intermediate Income Trust worth $160,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Sit Investment Associates Inc. lifted its position in shares of Putnam Master Intermediate Income Trust by 3.4% during the 2nd quarter. Sit Investment Associates Inc. now owns 18,546,530 shares of the company’s stock worth $58,607,000 after buying an additional 616,013 shares during the last quarter. Karpus Management Inc. raised its position in Putnam Master Intermediate Income Trust by 0.8% in the 1st quarter. Karpus Management Inc. now owns 655,680 shares of the company’s stock valued at $2,085,000 after purchasing an additional 4,969 shares during the last quarter. Invesco Ltd. raised its position in Putnam Master Intermediate Income Trust by 22.2% in the 1st quarter. Invesco Ltd. now owns 639,874 shares of the company’s stock valued at $2,291,000 after purchasing an additional 116,347 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Putnam Master Intermediate Income Trust during the 2nd quarter worth $1,347,000. Finally, Vident Investment Advisory LLC raised its position in Putnam Master Intermediate Income Trust by 23.5% during the 1st quarter. Vident Investment Advisory LLC now owns 425,456 shares of the company’s stock worth $1,523,000 after buying an additional 80,820 shares during the last quarter. Hedge funds and other institutional investors own 47.74% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Performance

Shares of Putnam Master Intermediate Income Trust stock opened at $3.07 on Tuesday. Putnam Master Intermediate Income Trust has a one year low of $2.90 and a one year high of $3.39. The firm has a fifty day moving average of $3.02 and a two-hundred day moving average of $3.11.

Putnam Master Intermediate Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 24th will be given a dividend of $0.022 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.26 dividend on an annualized basis and a yield of 8.60%.

About Putnam Master Intermediate Income Trust

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.