1607 Capital Partners LLC Sells 604,315 Shares of Putnam Mast Int $PIM

1607 Capital Partners LLC trimmed its stake in Putnam Mast Int (NYSE:PIM) by 59.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,152 shares of the company’s stock after selling 604,315 shares during the period. 1607 Capital Partners LLC owned about 0.87% of Putnam Mast Int worth $1,438,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sheets Smith Investment Management acquired a new position in shares of Putnam Mast Int during the third quarter valued at about $3,792,000. Sheets Smith Wealth Management acquired a new stake in Putnam Mast Int during the third quarter worth about $830,000. Invictus Private Wealth LLC acquired a new stake in Putnam Mast Int during the third quarter worth about $264,000. Allworth Financial LP bought a new position in Putnam Mast Int during the second quarter valued at about $222,000. Finally, Thrivent Financial for Lutherans bought a new position in Putnam Mast Int during the third quarter valued at about $113,000. Institutional investors own 55.06% of the company’s stock.

Putnam Mast Int Stock Up 0.2%

Putnam Mast Int stock opened at $3.19 on Friday. The business has a 50 day moving average price of $3.30 and a two-hundred day moving average price of $3.34. Putnam Mast Int has a 12 month low of $3.14 and a 12 month high of $3.50.

Putnam Mast Int Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.022 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Putnam Mast Int Company Profile

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.