Essential Planning LLC. bought a new position in shares of Putnam Master Intermediate Income Trust (NYSE:PIM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 205,205 shares of the company's stock, valued at approximately $676,000. Essential Planning LLC. owned about 0.42% of Putnam Master Intermediate Income Trust at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Mezzasalma Advisors LLC bought a new stake in shares of Putnam Master Intermediate Income Trust during the 4th quarter worth $193,000. Consolidated Portfolio Review Corp grew its position in shares of Putnam Master Intermediate Income Trust by 9.8% in the fourth quarter. Consolidated Portfolio Review Corp now owns 292,786 shares of the company's stock valued at $954,000 after purchasing an additional 26,024 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Putnam Master Intermediate Income Trust during the 4th quarter worth about $33,000. Fortitude Advisory Group L.L.C. boosted its stake 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 valued at $172,000 after purchasing an additional 4,464 shares during the period. Finally, Melfa Wealth Management Inc. raised its position in shares of Putnam Master Intermediate Income Trust by 10.1% during the fourth quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company's stock valued at $266,000 after buying an additional 7,500 shares during the last quarter. 55.06% of the stock is owned by institutional investors.
Putnam Master Intermediate Income Trust Stock Down 0.2 %
PIM stock traded down $0.01 during midday trading on Monday, hitting $3.31. The stock had a trading volume of 10,930 shares, compared to its average volume of 60,253. The stock has a 50-day simple moving average of $3.30 and a 200 day simple moving average of $3.31. Putnam Master Intermediate Income Trust has a 52 week low of $3.04 and a 52 week high of $3.45.
Putnam Master Intermediate Income Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.022 dividend. This represents a $0.26 annualized dividend and a yield of 7.99%. The ex-dividend date of this dividend is Monday, March 17th.
Putnam Master Intermediate Income Trust Profile
(
Free Report)
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.
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