241,227 Shares in Putnam Mast Int $PIM Bought by Sheets Smith Wealth Management

Sheets Smith Wealth Management acquired a new position in shares of Putnam Mast Int (NYSE:PIM) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 241,227 shares of the company’s stock, valued at approximately $830,000. Sheets Smith Wealth Management owned 0.50% of Putnam Mast Int as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Putnam Mast Int during the 2nd quarter worth about $25,000. Global Wealth Strategies & Associates bought a new stake in Putnam Mast Int in the third quarter worth about $32,000. Balefire LLC bought a new stake in Putnam Mast Int in the second quarter worth about $35,000. Weaver Consulting Group purchased a new position in shares of Putnam Mast Int during the second quarter valued at approximately $109,000. Finally, WealthTrust Axiom LLC grew its stake in shares of Putnam Mast Int by 88.9% during the second quarter. WealthTrust Axiom LLC now owns 51,000 shares of the company’s stock valued at $171,000 after buying an additional 24,000 shares during the last quarter. Hedge funds and other institutional investors own 55.06% of the company’s stock.

Putnam Mast Int Price Performance

Shares of PIM stock opened at $3.37 on Friday. Putnam Mast Int has a 52-week low of $3.14 and a 52-week high of $3.50. The stock has a 50 day moving average price of $3.32 and a 200 day moving average price of $3.35.

Putnam Mast Int Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a dividend of $0.022 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, February 20th.

Putnam Mast Int 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.