Sit Investment Associates Inc. Decreases Holdings in Putnam Mast Int $PIM

Sit Investment Associates Inc. cut its holdings in shares of Putnam Mast Int (NYSE:PIM) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,729,288 shares of the company’s stock after selling 761,587 shares during the period. Putnam Mast Int accounts for approximately 1.5% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 13th biggest holding. Sit Investment Associates Inc. owned about 47.02% of Putnam Mast Int worth $75,916,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PIM. PVG Asset Management Corp grew its holdings in Putnam Mast Int by 1,151.3% during the fourth quarter. PVG Asset Management Corp now owns 482,759 shares of the company’s stock worth $1,612,000 after acquiring an additional 444,177 shares during the period. Invictus Private Wealth LLC purchased a new position in shares of Putnam Mast Int during the 3rd quarter valued at approximately $264,000. Eclectic Associates Inc. ADV acquired a new position in shares of Putnam Mast Int in the 4th quarter valued at $179,000. Thrivent Financial for Lutherans purchased a new stake in Putnam Mast Int during the third quarter worth $113,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Putnam Mast Int in the third quarter valued at approximately $95,000. Institutional investors and hedge funds own 55.06% of the company’s stock.

Putnam Mast Int Trading Down 0.2%

Shares of NYSE PIM opened at $3.18 on Friday. The company’s 50-day simple moving average is $3.22 and its 200-day simple moving average is $3.26. Putnam Mast Int has a 52-week low of $3.07 and a 52-week high of $3.50.

Putnam Mast Int Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.022 dividend. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Monday, August 24th.

Putnam Mast Int Profile

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.