Sit Investment Associates Inc. Has $74.93 Million Holdings in Putnam Master Intermediate Income Trust (NYSE:PIM)

Sit Investment Associates Inc. boosted its holdings in Putnam Master Intermediate Income Trust (NYSE:PIM) by 1.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 22,984,308 shares of the company’s stock after purchasing an additional 223,036 shares during the quarter. Putnam Master Intermediate Income Trust accounts for about 1.7% of Sit Investment Associates Inc.’s portfolio, making the stock its 7th biggest position. Sit Investment Associates Inc. owned approximately 0.48% of Putnam Master Intermediate Income Trust worth $74,929,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stifel Financial Corp boosted its stake in shares of 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 acquiring an additional 32,798 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. Fortitude Advisory Group L.L.C. increased its stake in Putnam Master Intermediate Income Trust by 9.2% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company’s stock worth $172,000 after purchasing an additional 4,464 shares in the last quarter. Finally, Melfa Wealth Management Inc. raised its holdings in 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 worth $266,000 after buying an additional 7,500 shares during the period. 55.06% of the stock is owned by institutional investors and hedge funds.

Putnam Master Intermediate Income Trust Trading Down 2.6 %

Shares of PIM opened at $3.22 on Friday. The company has a 50-day moving average of $3.31 and a two-hundred day moving average of $3.30. Putnam Master Intermediate Income Trust has a one year low of $3.04 and a one year high of $3.45.

Putnam Master Intermediate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend was Monday, March 17th.

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.