Mezzasalma Advisors LLC Acquires Shares of 59,134 Putnam Master Intermediate Income Trust (NYSE:PIM)

Mezzasalma Advisors LLC bought a new position in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) in the fourth quarter, Holdings Channel.com reports. The firm bought 59,134 shares of the company’s stock, valued at approximately $193,000.

Other large investors have also recently modified their holdings of the company. Fortitude Advisory Group L.L.C. boosted its holdings 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 buying an additional 4,464 shares during the period. Melfa Wealth Management Inc. lifted its position in shares of Putnam Master Intermediate Income Trust by 10.1% during the fourth quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company’s stock worth $266,000 after acquiring an additional 7,500 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth $33,000. Consolidated Portfolio Review Corp boosted its holdings in shares of Putnam Master Intermediate Income Trust by 5.8% in the third quarter. Consolidated Portfolio Review Corp now owns 266,762 shares of the company’s stock worth $904,000 after acquiring an additional 14,721 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Putnam Master Intermediate Income Trust by 317.7% in the third quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock valued at $146,000 after purchasing an additional 32,798 shares in the last quarter. Hedge funds and other institutional investors own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Price Performance

Shares of PIM opened at $3.33 on Friday. Putnam Master Intermediate Income Trust has a 52-week low of $3.04 and a 52-week high of $3.45. The stock’s 50-day simple moving average is $3.29 and its 200 day simple moving average is $3.31.

Putnam Master Intermediate Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were issued a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date was Friday, January 24th.

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.