Putnam Mast Int $PIM is Sit Investment Associates Inc.'s 8th Largest Position

Key Points

• Sit Investment Associates Inc. increased its stake in PUTNAM MAST INT, now holding approximately 23 million shares, which constitutes about 1.8% of its portfolio, making it the 8th largest position in their investments.
• PUTNAM MAST INT has announced a monthly dividend of $0.022 per share, with an annualized yield of 7.8%, to be paid on November 28th to stockholders of record.
• The stock is currently trading at $3.38, within a 52-week range of $3.14 to $3.45.

Sit Investment Associates Inc. grew its position in Putnam Mast Int (NYSE:PIM - Free Report) by 0.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,075,285 shares of the company's stock after acquiring an additional 90,977 shares during the period. Putnam Mast Int comprises approximately 1.8% of Sit Investment Associates Inc.'s investment portfolio, making the stock its 8th biggest position. Sit Investment Associates Inc. owned approximately 47.74% of Putnam Mast Int worth $76,610,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. 1607 Capital Partners LLC raised its position in shares of Putnam Mast Int by 83.9% in the fourth quarter. 1607 Capital Partners LLC now owns 1,065,778 shares of the company's stock worth $3,474,000 after acquiring an additional 486,262 shares during the period. Consolidated Portfolio Review Corp raised its position in shares of Putnam Mast Int by 12.5% during the 1st quarter. Consolidated Portfolio Review Corp now owns 329,319 shares of the company's stock worth $1,093,000 after purchasing an additional 36,533 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Putnam Mast Int during the 1st quarter worth about $448,000. Envestnet Asset Management Inc. acquired a new position in shares of Putnam Mast Int during the 4th quarter worth about $236,000. Finally, LPL Financial LLC raised its position in shares of Putnam Mast Int by 8.4% during the 4th quarter. LPL Financial LLC now owns 50,777 shares of the company's stock worth $166,000 after purchasing an additional 3,948 shares during the last quarter. Institutional investors and hedge funds own 55.06% of the company's stock.

Putnam Mast Int Stock Down 1.3%

Shares of PIM traded down $0.05 during mid-day trading on Monday, hitting $3.32. 98,716 shares of the company were exchanged, compared to its average volume of 57,866. Putnam Mast Int has a 1-year low of $3.14 and a 1-year high of $3.45. The company has a 50 day moving average of $3.34 and a 200-day moving average of $3.31.

Putnam Mast Int Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.022 per share. This represents a yield of 786.0%. The ex-dividend date of this dividend is Monday, August 18th.

About Putnam Mast Int

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.