Stifel Financial Corp Grows Holdings in Putnam Master Intermediate Income Trust (NYSE:PIM)

Stifel Financial Corp grew its stake in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) by 317.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,122 shares of the company’s stock after buying an additional 32,798 shares during the quarter. Stifel Financial Corp’s holdings in Putnam Master Intermediate Income Trust were worth $146,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Consolidated Portfolio Review Corp increased its stake in Putnam Master Intermediate Income Trust by 4.9% in the second quarter. Consolidated Portfolio Review Corp now owns 252,041 shares of the company’s stock valued at $813,000 after acquiring an additional 11,882 shares during the last quarter. FDx Advisors Inc. bought a new position in shares of Putnam Master Intermediate Income Trust during the 2nd quarter valued at about $77,000. Allspring Global Investments Holdings LLC increased its position in shares of Putnam Master Intermediate Income Trust by 9.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 812,604 shares of the company’s stock valued at $2,621,000 after purchasing an additional 69,175 shares during the last quarter. Finally, Shaker Financial Services LLC raised its holdings in shares of Putnam Master Intermediate Income Trust by 412.8% during the 2nd quarter. Shaker Financial Services LLC now owns 237,727 shares of the company’s stock valued at $772,000 after buying an additional 191,369 shares in the last quarter. 55.06% of the stock is owned by institutional investors.

Putnam Master Intermediate Income Trust Stock Down 0.3 %

Shares of PIM opened at $3.22 on Tuesday. Putnam Master Intermediate Income Trust has a 1 year low of $3.04 and a 1 year high of $3.45. The stock has a 50 day simple moving average of $3.27 and a two-hundred day simple moving average of $3.30.

Putnam Master Intermediate Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd will be paid a $0.022 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.20%.

About Putnam Master Intermediate Income Trust

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.