Putnam Mast Int (NYSE:PIM) Stock Price Up 1.4% – Here’s Why

Putnam Mast Int (NYSE:PIM)’s share price shot up 1.4% during mid-day trading on Friday . The stock traded as high as $3.26 and last traded at $3.2250. 256,848 shares traded hands during mid-day trading, an increase of 250% from the average session volume of 73,328 shares. The stock had previously closed at $3.18.

Putnam Mast Int Trading Up 1.4%

The company has a 50-day moving average of $3.22 and a 200 day moving average of $3.27.

Putnam Mast Int Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.022 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

Institutional Investors Weigh In On Putnam Mast Int

Large investors have recently bought and sold shares of the business. PVG Asset Management Corp increased its holdings in Putnam Mast Int by 1,151.3% during 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. Summit Financial LLC boosted its stake in Putnam Mast Int by 206.4% in the fourth quarter. Summit Financial LLC now owns 592,051 shares of the company’s stock worth $1,977,000 after purchasing an additional 398,831 shares in the last quarter. Invictus Private Wealth LLC bought a new stake in shares of Putnam Mast Int during the third quarter worth $264,000. Eclectic Associates Inc. ADV acquired a new stake in shares of Putnam Mast Int in the fourth quarter valued at $179,000. Finally, Fifth Third Bancorp bought a new position in shares of Putnam Mast Int in the first quarter valued at about $120,000. 55.06% of the stock is currently owned by institutional investors.

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.