Putnam Master Intermediate Income Trust (NYSE:PIM) Position Increased by LPL Financial LLC

LPL Financial LLC boosted its position in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,777 shares of the company’s stock after purchasing an additional 3,948 shares during the period. LPL Financial LLC’s holdings in Putnam Master Intermediate Income Trust were worth $166,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC purchased a new stake in shares of Putnam Master Intermediate Income Trust during the 4th quarter worth about $33,000. Fortitude Advisory Group L.L.C. increased its holdings in Putnam Master Intermediate Income Trust by 9.2% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company’s stock worth $172,000 after buying an additional 4,464 shares during the last quarter. Mezzasalma Advisors LLC acquired a new position in Putnam Master Intermediate Income Trust in the fourth quarter worth approximately $193,000. Melfa Wealth Management Inc. raised its position in Putnam Master Intermediate Income Trust by 10.1% during the fourth quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company’s stock valued at $266,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Transform Wealth LLC bought a new stake in Putnam Master Intermediate Income Trust in the fourth quarter worth approximately $555,000. Hedge funds and other institutional investors own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Performance

Putnam Master Intermediate Income Trust stock opened at $3.31 on Thursday. Putnam Master Intermediate Income Trust has a 1-year low of $3.10 and a 1-year high of $3.45. The firm’s fifty day simple moving average is $3.28 and its 200-day simple moving average is $3.28.

Putnam Master Intermediate Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.022 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.26 annualized dividend and a yield of 7.98%.

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.