Shaker Financial Services LLC Decreases Stake in Putnam Master Intermediate Income Trust (NYSE:PIM)

Shaker Financial Services LLC cut its holdings in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) by 43.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,196 shares of the company’s stock after selling 102,531 shares during the quarter. Shaker Financial Services LLC’s holdings in Putnam Master Intermediate Income Trust were worth $461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PIM. Consolidated Portfolio Review Corp boosted its holdings in shares of Putnam Master Intermediate Income Trust by 5.8% in the third quarter. Consolidated Portfolio Review Corp now owns 266,762 shares of the company’s stock worth $904,000 after acquiring an additional 14,721 shares during the period. FDx Advisors Inc. bought a new stake in shares of Putnam Master Intermediate Income Trust during the 2nd quarter valued at $77,000. WMG Financial Advisors LLC purchased a new stake in Putnam Master Intermediate Income Trust during the 2nd quarter worth about $64,000. Allspring Global Investments Holdings LLC boosted its stake in Putnam Master Intermediate Income Trust by 9.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 812,604 shares of the company’s stock worth $2,621,000 after purchasing an additional 69,175 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Putnam Master Intermediate Income Trust by 14.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 99,247 shares of the company’s stock valued at $318,000 after buying an additional 12,823 shares in the last quarter. Institutional investors own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Trading Up 0.6 %

Shares of PIM opened at $3.28 on Friday. Putnam Master Intermediate Income Trust has a twelve month low of $3.00 and a twelve month high of $3.45. The business’s 50-day moving average price is $3.36 and its 200-day moving average price is $3.27.

Putnam Master Intermediate Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be paid a $0.022 dividend. This represents a $0.26 annualized dividend and a yield of 8.05%. The ex-dividend date is Friday, November 22nd.

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.