1607 Capital Partners LLC Buys 486,262 Shares of Putnam Master Intermediate Income Trust (NYSE:PIM)

1607 Capital Partners LLC lifted its stake in Putnam Master Intermediate Income Trust (NYSE:PIM) by 83.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,065,778 shares of the company’s stock after buying an additional 486,262 shares during the period. 1607 Capital Partners LLC’s holdings in Putnam Master Intermediate Income Trust were worth $3,474,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PIM. Sit Investment Associates Inc. raised its stake in shares of Putnam Master Intermediate Income Trust by 1.0% in the fourth quarter. Sit Investment Associates Inc. now owns 22,984,308 shares of the company’s stock valued at $74,929,000 after purchasing an additional 223,036 shares in the last quarter. Essential Planning LLC. acquired a new position in shares of Putnam Master Intermediate Income Trust in the 4th quarter valued at $676,000. Transform Wealth LLC acquired a new position in shares of Putnam Master Intermediate Income Trust in the 4th quarter valued at $555,000. Envestnet Asset Management Inc. bought a new position in shares of Putnam Master Intermediate Income Trust during the 4th quarter worth about $236,000. Finally, Mezzasalma Advisors LLC bought a new stake in Putnam Master Intermediate Income Trust in the fourth quarter valued at about $193,000. Institutional investors and hedge funds own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Performance

Shares of PIM opened at $3.25 on Wednesday. Putnam Master Intermediate Income Trust has a 12 month low of $3.04 and a 12 month high of $3.45. The company has a 50-day moving average price of $3.29 and a two-hundred day moving average price of $3.29.

Putnam Master Intermediate Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.022 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.26 annualized dividend and a yield of 8.12%.

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.