Consolidated Portfolio Review Corp Increases Stock Holdings in Putnam Master Intermediate Income Trust (NYSE:PIM)

Consolidated Portfolio Review Corp boosted its holdings in Putnam Master Intermediate Income Trust (NYSE:PIM) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 266,762 shares of the company’s stock after buying an additional 14,721 shares during the period. Consolidated Portfolio Review Corp owned 0.55% of Putnam Master Intermediate Income Trust worth $904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its position in Putnam Master Intermediate Income Trust by 14.8% during the first 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 last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Putnam Master Intermediate Income Trust by 9.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 812,604 shares of the company’s stock valued at $2,621,000 after acquiring an additional 69,175 shares during the last quarter. WMG Financial Advisors LLC purchased a new stake in Putnam Master Intermediate Income Trust during the second quarter valued at about $64,000. FDx Advisors Inc. acquired a new stake in Putnam Master Intermediate Income Trust during the second quarter worth about $77,000. Finally, Shaker Financial Services LLC raised its holdings in shares of Putnam Master Intermediate Income Trust by 412.8% in the 2nd quarter. Shaker Financial Services LLC now owns 237,727 shares of the company’s stock worth $772,000 after purchasing an additional 191,369 shares during the period. Hedge funds and other institutional investors own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Up 0.3 %

Shares of NYSE:PIM traded up $0.01 during trading on Friday, reaching $3.29. 32,540 shares of the stock were exchanged, compared to its average volume of 60,935. The firm’s 50-day moving average price is $3.36 and its 200 day moving average price is $3.26. Putnam Master Intermediate Income Trust has a 12-month low of $2.90 and a 12-month high of $3.45.

Putnam Master Intermediate Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be paid a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date is Thursday, October 24th.

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.