Putnam Mast Int (NYSE:PIM – Get Free Report)’s stock price rose 0.8% during mid-day trading on Friday. The company traded as high as $3.07 and last traded at $3.0450. 170,209 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 104,005 shares. The stock had previously closed at $3.02.
Putnam Mast Int Trading Up 0.8%
The stock’s fifty day moving average is $3.06 and its two-hundred day moving average is $3.18.
Putnam Mast Int Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a $0.0220 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Friday, November 20th.
Institutional Investors Weigh In On Putnam Mast Int
Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC acquired a new stake in shares of Putnam Mast Int during the 3rd quarter worth $39,000. Northstar Financial Companies Inc. acquired a new position in Putnam Mast Int in the first quarter valued at about $49,000. OMC Financial Services LTD acquired a new position in Putnam Mast Int in the second quarter valued at about $81,000. Maridea Wealth Management LLC acquired a new position in Putnam Mast Int in the second quarter valued at about $91,000. Finally, Arrowroot Family Office LLC bought a new stake in Putnam Mast Int during the second quarter worth about $100,000. 55.06% of the stock is currently owned by institutional investors.
Putnam Mast Int Company Profile
Putnam Managed Municipal Income Trust (NYSE: PIM) is a closed-end management investment company that seeks to provide high current income that is exempt from federal income tax.
The fund invests primarily in municipal securities issued by states, municipalities and other governmental entities. Its portfolio may include bonds that finance public infrastructure and services, with investment decisions made according to the fund’s objectives, policies and risk considerations.
Putnam Investment Management, LLC serves as the fund’s investment adviser.
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