Allspring Global Investments Holdings LLC Has $2.37 Million Stock Position in Putnam Master Intermediate Income Trust (NYSE:PIM)

Allspring Global Investments Holdings LLC grew its stake in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) by 29.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 743,429 shares of the company’s stock after purchasing an additional 169,864 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Putnam Master Intermediate Income Trust were worth $2,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PIM. Invesco Ltd. raised its holdings in shares of Putnam Master Intermediate Income Trust by 22.2% during the first quarter. Invesco Ltd. now owns 639,874 shares of the company’s stock valued at $2,291,000 after purchasing an additional 116,347 shares during the period. Vident Investment Advisory LLC raised its holdings in shares of Putnam Master Intermediate Income Trust by 23.5% during the first quarter. Vident Investment Advisory LLC now owns 425,456 shares of the company’s stock valued at $1,523,000 after purchasing an additional 80,820 shares during the period. Bank of America Corp DE raised its holdings in shares of Putnam Master Intermediate Income Trust by 654.8% during the first quarter. Bank of America Corp DE now owns 31,444 shares of the company’s stock valued at $113,000 after purchasing an additional 27,278 shares during the period. LPL Financial LLC raised its holdings in shares of Putnam Master Intermediate Income Trust by 6.7% in the 2nd quarter. LPL Financial LLC now owns 51,217 shares of the company’s stock worth $175,000 after acquiring an additional 3,201 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Putnam Master Intermediate Income Trust by 8.9% in the 2nd quarter. NewEdge Advisors LLC now owns 134,873 shares of the company’s stock worth $460,000 after acquiring an additional 10,996 shares during the last quarter. Institutional investors and hedge funds own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Performance

PIM opened at $3.10 on Monday. Putnam Master Intermediate Income Trust has a fifty-two week low of $2.90 and a fifty-two week high of $3.28. The company’s 50-day moving average is $3.18 and its 200 day moving average is $3.14.

Putnam Master Intermediate Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 24th will be issued a $0.022 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.52%.

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.