Shaker Financial Services LLC Acquires 191,369 Shares of Putnam Master Intermediate Income Trust (NYSE:PIM)

Shaker Financial Services LLC increased its holdings in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) by 412.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,727 shares of the company’s stock after acquiring an additional 191,369 shares during the period. Shaker Financial Services LLC’s holdings in Putnam Master Intermediate Income Trust were worth $772,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Gridiron Partners LLC bought a new stake in Putnam Master Intermediate Income Trust during the fourth quarter worth about $34,000. WMG Financial Advisors LLC purchased a new position in shares of Putnam Master Intermediate Income Trust during the second quarter valued at approximately $64,000. Coldstream Capital Management Inc. purchased a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter valued at approximately $64,000. FDx Advisors Inc. purchased a new position in shares of Putnam Master Intermediate Income Trust during the second quarter valued at approximately $77,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of 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 valued at $318,000 after purchasing an additional 12,823 shares during the last quarter. Institutional investors own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Up 0.3 %

Shares of PIM traded up $0.01 during mid-day trading on Thursday, hitting $3.37. 7,067 shares of the company traded hands, compared to its average volume of 58,601. The stock has a 50-day moving average price of $3.29 and a two-hundred day moving average price of $3.21. Putnam Master Intermediate Income Trust has a 1 year low of $2.90 and a 1 year high of $3.38.

Putnam Master Intermediate Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th will be issued a dividend of $0.022 per share. The ex-dividend date is Tuesday, September 24th. This represents a $0.26 annualized dividend and a dividend yield of 7.83%.

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.