Concurrent Investment Advisors LLC Acquires New Shares in PUTNAM MAST INT (NYSE:PIM)

Concurrent Investment Advisors LLC acquired a new stake in PUTNAM MAST INT (NYSE:PIM) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,620 shares of the company’s stock, valued at approximately $35,000.

Other large investors have also bought and sold shares of the company. 1607 Capital Partners LLC increased its stake in shares of PUTNAM MAST INT by 83.9% in the fourth quarter. 1607 Capital Partners LLC now owns 1,065,778 shares of the company’s stock valued at $3,474,000 after buying an additional 486,262 shares during the period. Sit Investment Associates Inc. boosted its position in PUTNAM MAST INT by 1.0% during the 4th quarter. Sit Investment Associates Inc. now owns 22,984,308 shares of the company’s stock worth $74,929,000 after buying an additional 223,036 shares during the period. Janney Montgomery Scott LLC acquired a new stake in PUTNAM MAST INT during the 1st quarter worth approximately $448,000. Envestnet Asset Management Inc. acquired a new stake in PUTNAM MAST INT during the 4th quarter worth approximately $236,000. Finally, PVG Asset Management Corp acquired a new stake in PUTNAM MAST INT during the 4th quarter worth approximately $150,000. 55.06% of the stock is owned by institutional investors and hedge funds.

PUTNAM MAST INT Trading Down 0.3%

NYSE:PIM opened at $3.34 on Monday. The firm’s 50 day simple moving average is $3.33 and its 200 day simple moving average is $3.30. PUTNAM MAST INT has a one year low of $3.14 and a one year high of $3.45.

PUTNAM MAST INT Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 18th will be given a dividend of $0.022 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.26 annualized dividend and a yield of 7.90%.

PUTNAM MAST INT 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.