Fortitude Advisory Group L.L.C. Grows Stake in Putnam Master Intermediate Income Trust (NYSE:PIM)

Fortitude Advisory Group L.L.C. grew its position in Putnam Master Intermediate Income Trust (NYSE:PIM) by 9.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,819 shares of the company’s stock after buying an additional 4,464 shares during the period. Fortitude Advisory Group L.L.C. owned approximately 0.11% of Putnam Master Intermediate Income Trust worth $172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in Putnam Master Intermediate Income Trust by 317.7% in the 3rd quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock worth $146,000 after acquiring an additional 32,798 shares during the last quarter. Melfa Wealth Management Inc. lifted its holdings in shares of Putnam Master Intermediate Income Trust by 10.1% during the 4th quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company’s stock valued at $266,000 after buying an additional 7,500 shares during the period. Transform Wealth LLC purchased a new position in shares of Putnam Master Intermediate Income Trust in the 4th quarter worth $555,000. Finally, Consolidated Portfolio Review Corp grew 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 acquiring an additional 14,721 shares during the period. Institutional investors own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Price Performance

PIM stock opened at $3.29 on Tuesday. The business’s 50-day moving average is $3.27 and its two-hundred day moving average is $3.31. Putnam Master Intermediate Income Trust has a fifty-two week low of $3.04 and a fifty-two week high of $3.45.

Putnam Master Intermediate Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a dividend of $0.022 per share. This represents a $0.26 annualized dividend and a yield of 8.02%. The ex-dividend date is Friday, January 24th.

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.