TCG Advisory Services LLC Cuts Position in Putnam Master Intermediate Income Trust (NYSE:PIM)

TCG Advisory Services LLC trimmed its position in shares of Putnam Master Intermediate Income Trust (NYSE:PIMGet Rating) by 59.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,209 shares of the company’s stock after selling 114,423 shares during the period. TCG Advisory Services LLC owned about 0.15% of Putnam Master Intermediate Income Trust worth $267,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Sit Investment Associates Inc. increased its stake in shares of Putnam Master Intermediate Income Trust by 6.3% during the second quarter. Sit Investment Associates Inc. now owns 15,080,839 shares of the company’s stock worth $51,426,000 after buying an additional 895,970 shares during the period. Investors Asset Management of Georgia Inc. GA ADV acquired a new position in Putnam Master Intermediate Income Trust in the second quarter valued at approximately $29,000. Bank of America Corp DE boosted its holdings in Putnam Master Intermediate Income Trust by 654.8% in the first quarter. Bank of America Corp DE now owns 31,444 shares of the company’s stock valued at $113,000 after purchasing an additional 27,278 shares in the last quarter. 1607 Capital Partners LLC acquired a new position in Putnam Master Intermediate Income Trust in the first quarter valued at approximately $2,258,000. Finally, Vident Investment Advisory LLC boosted its holdings in Putnam Master Intermediate Income Trust by 23.5% in the first quarter. Vident Investment Advisory LLC now owns 425,456 shares of the company’s stock valued at $1,523,000 after purchasing an additional 80,820 shares in the last quarter. 37.12% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Master Intermediate Income Trust Price Performance

PIM remained flat at $3.37 on Thursday. The company had a trading volume of 26,226 shares, compared to its average volume of 60,731. The business has a fifty day simple moving average of $3.30 and a 200 day simple moving average of $3.39. Putnam Master Intermediate Income Trust has a 52-week low of $3.17 and a 52-week high of $4.00.

Putnam Master Intermediate Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Investors of record on Tuesday, January 24th will be issued a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend is Monday, January 23rd.

About Putnam Master Intermediate Income Trust

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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.

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Institutional Ownership by Quarter for Putnam Master Intermediate Income Trust (NYSE:PIM)

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