Putnam Master Intermediate Income Trust (NYSE:PIM) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its holdings in Putnam Master Intermediate Income Trust (NYSE:PIM) by 44.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,200 shares of the company’s stock after selling 21,000 shares during the period. Transcend Capital Advisors LLC owned about 0.05% of Putnam Master Intermediate Income Trust worth $85,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Stifel Financial Corp increased its holdings in shares of Putnam Master Intermediate Income Trust by 317.7% in the 3rd quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock valued at $146,000 after acquiring an additional 32,798 shares during the last quarter. Transform Wealth LLC acquired a new position in Putnam Master Intermediate Income Trust in the fourth quarter valued at approximately $555,000. Melfa Wealth Management Inc. increased its stake in Putnam Master Intermediate Income Trust by 10.1% in the fourth quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company’s stock valued at $266,000 after purchasing an additional 7,500 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its holdings in Putnam Master Intermediate Income Trust by 9.2% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company’s stock worth $172,000 after purchasing an additional 4,464 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in Putnam Master Intermediate Income Trust during the fourth quarter worth approximately $33,000. 55.06% of the stock is owned by hedge funds and other institutional investors.

Putnam Master Intermediate Income Trust Stock Performance

Shares of Putnam Master Intermediate Income Trust stock opened at $3.30 on Tuesday. The company has a fifty day simple moving average of $3.29 and a 200-day simple moving average of $3.31. Putnam Master Intermediate Income Trust has a 12-month low of $3.04 and a 12-month high of $3.45.

Putnam Master Intermediate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be issued a dividend of $0.022 per share. This represents a $0.26 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Monday, February 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.