Sit Investment Associates Inc. Boosts Position in Putnam Master Intermediate Income Trust (NYSE:PIM)

Sit Investment Associates Inc. lifted its position in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,984,308 shares of the company’s stock after acquiring an additional 223,036 shares during the period. Putnam Master Intermediate Income Trust accounts for 1.7% of Sit Investment Associates Inc.’s portfolio, making the stock its 7th biggest holding. Sit Investment Associates Inc. owned about 47.55% of Putnam Master Intermediate Income Trust worth $74,929,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new stake in shares of Putnam Master Intermediate Income Trust in the fourth quarter valued at approximately $33,000. Stifel Financial Corp increased its position in Putnam Master Intermediate Income Trust by 317.7% in the 3rd quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock valued at $146,000 after acquiring an additional 32,798 shares during the period. LPL Financial LLC raised its stake in Putnam Master Intermediate Income Trust by 8.4% during the 4th quarter. LPL Financial LLC now owns 50,777 shares of the company’s stock valued at $166,000 after acquiring an additional 3,948 shares in the last quarter. Fortitude Advisory Group L.L.C. boosted its position in Putnam Master Intermediate Income Trust by 9.2% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company’s stock worth $172,000 after acquiring an additional 4,464 shares during the period. Finally, Mezzasalma Advisors LLC bought a new position in shares of Putnam Master Intermediate Income Trust in the fourth quarter worth $193,000. Institutional investors and hedge funds own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Performance

Shares of NYSE PIM opened at $3.22 on Friday. The firm’s 50-day simple moving average is $3.31 and its 200 day simple moving average is $3.30. Putnam Master Intermediate Income Trust has a fifty-two week low of $3.04 and a fifty-two week high of $3.45.

Putnam Master Intermediate Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.21%. The ex-dividend date of this dividend was Monday, March 17th.

Putnam Master Intermediate Income Trust 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.