Putnam Master Intermediate Income Trust (NYSE:PIM) Shares Purchased by Melfa Wealth Management Inc.

Melfa Wealth Management Inc. boosted its holdings in Putnam Master Intermediate Income Trust (NYSE:PIM) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,613 shares of the company’s stock after acquiring an additional 7,500 shares during the quarter. Melfa Wealth Management Inc. owned about 0.17% of Putnam Master Intermediate Income Trust worth $266,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Consolidated Portfolio Review Corp boosted its holdings in shares of Putnam Master Intermediate Income Trust by 5.8% in the third quarter. Consolidated Portfolio Review Corp now owns 266,762 shares of the company’s stock worth $904,000 after buying an additional 14,721 shares during the period. Stifel Financial Corp grew its position in Putnam Master Intermediate Income Trust by 317.7% during the 3rd quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock worth $146,000 after purchasing an additional 32,798 shares in the last quarter. Finally, Transform Wealth LLC acquired a new stake in Putnam Master Intermediate Income Trust during the 4th quarter valued at $555,000. 55.06% of the stock is currently owned by institutional investors.

Putnam Master Intermediate Income Trust Price Performance

Shares of Putnam Master Intermediate Income Trust stock opened at $3.28 on Wednesday. Putnam Master Intermediate Income Trust has a 12 month low of $3.04 and a 12 month high of $3.45. The business has a fifty day simple moving average of $3.27 and a 200-day simple moving average of $3.31.

Putnam Master Intermediate Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be given a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date of this dividend is Friday, January 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.