Putnam Master Intermediate Income Trust (NYSE:PIM) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its holdings in Putnam Master Intermediate Income Trust (NYSE:PIM) by 26.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,500 shares of the company’s stock after purchasing an additional 10,500 shares during the quarter. Moors & Cabot Inc.’s holdings in Putnam Master Intermediate Income Trust were worth $160,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Logan Stone Capital LLC bought a new stake in Putnam Master Intermediate Income Trust in the fourth quarter valued at $38,000. Perigon Wealth Management LLC bought a new stake in Putnam Master Intermediate Income Trust in the second quarter valued at $41,000. Jane Street Group LLC bought a new stake in Putnam Master Intermediate Income Trust in the fourth quarter valued at $48,000. JPMorgan Chase & Co. bought a new stake in shares of Putnam Master Intermediate Income Trust during the first quarter valued at about $66,000. Finally, HighTower Advisors LLC bought a new stake in shares of Putnam Master Intermediate Income Trust during the fourth quarter valued at about $84,000. Institutional investors and hedge funds own 47.74% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Performance

Shares of NYSE PIM opened at $3.07 on Tuesday. Putnam Master Intermediate Income Trust has a fifty-two week low of $2.90 and a fifty-two week high of $3.39. The firm’s 50-day simple moving average is $3.02 and its 200 day simple moving average is $3.11.

Putnam Master Intermediate Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 24th will be paid a dividend of $0.022 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date is Wednesday, November 22nd.

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.