Commonwealth Equity Services LLC Purchases 9,318 Shares of Putnam Master Intermediate Income Trust (NYSE:PIM)

Commonwealth Equity Services LLC boosted its position in Putnam Master Intermediate Income Trust (NYSE:PIM) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,819 shares of the company’s stock after acquiring an additional 9,318 shares during the quarter. Commonwealth Equity Services LLC owned 0.17% of Putnam Master Intermediate Income Trust worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Putnam Master Intermediate Income Trust by 11.8% during the second quarter. LPL Financial LLC now owns 41,646 shares of the company’s stock worth $174,000 after purchasing an additional 4,408 shares during the period. Mid Atlantic Financial Management Inc. ADV boosted its holdings in Putnam Master Intermediate Income Trust by 8.7% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 120,804 shares of the company’s stock worth $506,000 after purchasing an additional 9,700 shares during the last quarter. Pekin Hardy Strauss Inc. purchased a new stake in Putnam Master Intermediate Income Trust in the second quarter worth approximately $591,000. Invesco Ltd. boosted its stake in shares of Putnam Master Intermediate Income Trust by 1.9% during the 2nd quarter. Invesco Ltd. now owns 630,925 shares of the company’s stock worth $2,644,000 after acquiring an additional 11,853 shares during the last quarter. Finally, Sit Investment Associates Inc. boosted its stake in shares of Putnam Master Intermediate Income Trust by 1.1% during the 2nd quarter. Sit Investment Associates Inc. now owns 13,050,681 shares of the company’s stock worth $54,682,000 after acquiring an additional 145,035 shares during the last quarter. 31.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE PIM opened at $3.85 on Friday. The firm’s fifty day moving average is $3.92 and its two-hundred day moving average is $4.04. Putnam Master Intermediate Income Trust has a 52-week low of $3.80 and a 52-week high of $4.47.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 1st. Shareholders of record on Monday, January 24th will be given a $0.022 dividend. The ex-dividend date of this dividend is Friday, January 21st. This represents a $0.26 annualized dividend and a yield of 6.86%.

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.

Read More: Hedge Funds – Risk or Reward?

Want to see what other hedge funds are holding PIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Putnam Master Intermediate Income Trust (NYSE:PIM).

Institutional Ownership by Quarter for Putnam Master Intermediate Income Trust (NYSE:PIM)

Receive News & Ratings for Putnam Master Intermediate Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Master Intermediate Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.