Putnam Mast Int (NYSE:PIM) Shares Up 0.3% - What's Next?

Key Points

• Putnam Master International shares rose 0.3% to approximately $3.17 in mid-day trading, with volume running 15% below the average session level.
• The fund announced a monthly dividend of $0.022 per share, implying an annualized yield of about 8.3%; shareholders of record on November 20 are eligible for the November 30 payment.
• Institutional investors own 55.06% of PIM, with several firms recently increasing their positions or acquiring new stakes, including PVG Asset Management, which expanded its holdings substantially.

Putnam Mast Int (NYSE:PIM - Get Free Report)'s share price was up 0.3% during mid-day trading on Thursday . The stock traded as high as $3.18 and last traded at $3.1690. Approximately 39,652 shares were traded during trading, a decline of 15% from the average session volume of 46,676 shares. The stock had previously closed at $3.16.

Putnam Mast Int Stock Up 0.3%

The business's fifty day moving average price is $3.17 and its 200 day moving average price is $3.21.

Putnam Mast Int Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a $0.022 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Putnam Mast Int in the second quarter valued at about $25,000. Comerica Bank raised its stake in Putnam Mast Int by 281.4% during the third quarter. Comerica Bank now owns 35,092 shares of the company's stock worth $121,000 after purchasing an additional 25,892 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Putnam Mast Int in the 3rd quarter valued at about $95,000. PVG Asset Management Corp increased its holdings in Putnam Mast Int by 1,151.3% in the 4th quarter. PVG Asset Management Corp now owns 482,759 shares of the company's stock valued at $1,612,000 after purchasing an additional 444,177 shares in the last quarter. Finally, Eclectic Associates Inc. ADV purchased a new position in Putnam Mast Int in the 4th quarter worth approximately $179,000. Hedge funds and other institutional investors own 55.06% of the company's stock.

About Putnam Mast Int

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.

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