Cambridge Investment Research Advisors Inc. Boosts Stock Holdings in Putnam Mast Int (NYSE:PIM)

Cambridge Investment Research Advisors Inc. raised its holdings in shares of Putnam Mast Int (NYSE:PIM) by 116.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 37,474 shares of the company’s stock after purchasing an additional 20,196 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.08% of Putnam Mast Int worth $124,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Sit Investment Associates Inc. increased 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 valued at $74,929,000 after purchasing an additional 223,036 shares during the period. 1607 Capital Partners LLC grew its stake in 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 purchasing an additional 486,262 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Putnam Mast Int in the first quarter valued at about $448,000. Envestnet Asset Management Inc. purchased a new position in Putnam Mast Int in the fourth quarter valued at about $236,000. Finally, LPL Financial LLC grew its stake in Putnam Mast Int by 8.4% in the fourth quarter. LPL Financial LLC now owns 50,777 shares of the company’s stock valued at $166,000 after purchasing an additional 3,948 shares during the last quarter. Hedge funds and other institutional investors own 55.06% of the company’s stock.

Putnam Mast Int Trading Down 0.6%

PIM opened at $3.34 on Tuesday. The business’s 50-day moving average is $3.33 and its two-hundred day moving average is $3.30. Putnam Mast Int has a 1 year low of $3.14 and a 1 year high of $3.45.

Putnam Mast Int Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be paid a $0.022 dividend. 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.