Putnam Master Intermediate Income Trust (NYSE:PIM) Stock Price Down 0.3%

Putnam Master Intermediate Income Trust (NYSE:PIM)’s share price traded down 0.3% during mid-day trading on Friday . The stock traded as low as $3.40 and last traded at $3.41. Approximately 30,328 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 58,838 shares. The stock had previously closed at $3.42.

Putnam Master Intermediate Income Trust Trading Down 0.3 %

The stock has a 50-day moving average price of $3.33 and a 200 day moving average price of $3.23.

Putnam Master Intermediate Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th will be paid a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend is Tuesday, September 24th.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

Institutional investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC raised its position in 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 valued at $772,000 after buying an additional 191,369 shares during the last quarter. FDx Advisors Inc. bought a new position in shares of Putnam Master Intermediate Income Trust during the 2nd quarter worth approximately $77,000. Consolidated Portfolio Review Corp raised its holdings in shares of Putnam Master Intermediate Income Trust by 4.9% in the second quarter. Consolidated Portfolio Review Corp now owns 252,041 shares of the company’s stock valued at $813,000 after purchasing an additional 11,882 shares during the last quarter. WMG Financial Advisors LLC bought a new stake in shares of Putnam Master Intermediate Income Trust in the second quarter worth $64,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of 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 worth $2,621,000 after purchasing an additional 69,175 shares in the last quarter. 55.06% of the stock is owned by institutional investors.

Putnam Master Intermediate Income Trust Company 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.