Essential Planning LLC. Invests $676,000 in Putnam Master Intermediate Income Trust (NYSE:PIM)

Essential Planning LLC. purchased a new position in shares of Putnam Master Intermediate Income Trust (NYSE:PIM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 205,205 shares of the company’s stock, valued at approximately $676,000. Essential Planning LLC. owned approximately 0.42% of Putnam Master Intermediate Income Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Consolidated Portfolio Review Corp grew its stake in Putnam Master Intermediate Income Trust by 9.8% in the fourth quarter. Consolidated Portfolio Review Corp now owns 292,786 shares of the company’s stock valued at $954,000 after purchasing an additional 26,024 shares during the last quarter. Transform Wealth LLC purchased a new position in Putnam Master Intermediate Income Trust in the fourth quarter valued at about $555,000. Melfa Wealth Management Inc. grew its stake in Putnam Master Intermediate Income Trust by 10.1% in the fourth quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company’s stock valued at $266,000 after purchasing an additional 7,500 shares during the last quarter. Mezzasalma Advisors LLC purchased a new position in Putnam Master Intermediate Income Trust in the fourth quarter valued at about $193,000. Finally, Fortitude Advisory Group L.L.C. grew its stake in Putnam Master Intermediate Income Trust by 9.2% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company’s stock valued at $172,000 after purchasing an additional 4,464 shares during the last quarter. Institutional investors own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Performance

PIM opened at $3.30 on Friday. The business’s 50-day moving average is $3.30 and its two-hundred day moving average is $3.31. Putnam Master Intermediate Income Trust has a 1 year low of $3.04 and a 1 year high of $3.45.

Putnam Master Intermediate Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.022 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.26 annualized dividend and a yield of 8.00%.

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.