Allspring Global Investments Holdings LLC Sells 359,836 Shares of Putnam Mast Int $PIM

Key Points

• Allspring Global Investments Holdings LLC has reduced its holdings in Putnam Mast Int by 52.0%, selling 359,836 shares and now owns approximately 332,510 shares valued at $1,114,000.
• Putnam Mast Int will pay a monthly dividend of $0.022 on October 31st, with an annualized yield of 7.9%.
• The stock's current price is $3.34, with a 12-month low of $3.14 and a high of $3.50.

Allspring Global Investments Holdings LLC reduced its holdings in shares of Putnam Mast Int (NYSE:PIM - Free Report) by 52.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 332,510 shares of the company's stock after selling 359,836 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.69% of Putnam Mast Int worth $1,114,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of Putnam Mast Int during the 1st quarter worth $448,000. Sit Investment Associates Inc. raised its position in Putnam Mast Int by 0.4% in the first quarter. Sit Investment Associates Inc. now owns 23,075,285 shares of the company's stock worth $76,610,000 after acquiring an additional 90,977 shares during the period. Ethos Financial Group LLC purchased a new position in Putnam Mast Int in the first quarter valued at about $169,000. Consolidated Portfolio Review Corp grew its position in shares of Putnam Mast Int by 10.3% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 363,197 shares of the company's stock valued at $1,217,000 after acquiring an additional 33,878 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Putnam Mast Int by 116.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 37,474 shares of the company's stock valued at $124,000 after acquiring an additional 20,196 shares during the period. Institutional investors own 55.06% of the company's stock.

Putnam Mast Int Stock Down 0.3%

NYSE:PIM opened at $3.34 on Thursday. Putnam Mast Int has a 12 month low of $3.14 and a 12 month high of $3.50. The firm's 50 day moving average is $3.40 and its 200 day moving average is $3.34.

Putnam Mast Int Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $0.022 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a c) annualized dividend and a yield of 7.9%.

Putnam Mast Int Company 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.

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