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

Transcend Capital Advisors LLC cut its holdings in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) by 44.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,200 shares of the company’s stock after selling 21,000 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Putnam Master Intermediate Income Trust were worth $85,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Chicago Partners Investment Group LLC purchased a new position in Putnam Master Intermediate Income Trust during the 4th quarter worth $33,000. Stifel Financial Corp boosted its stake in shares of Putnam Master Intermediate Income Trust by 317.7% during the third quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock worth $146,000 after buying an additional 32,798 shares during the period. Fortitude Advisory Group L.L.C. boosted its stake in shares of 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 buying an additional 4,464 shares during the period. Mezzasalma Advisors LLC purchased a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth about $193,000. Finally, Melfa Wealth Management Inc. increased its position in Putnam Master Intermediate Income Trust by 10.1% in the 4th 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 during the period. 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 $3.30 on Tuesday. The business has a 50 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be paid a $0.022 dividend. 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.