Guggenheim Capital LLC lifted its stake in Putnam Managed Municipal Income Trust (NYSE:PMM - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 712,551 shares of the company's stock after acquiring an additional 120,948 shares during the period. Guggenheim Capital LLC owned 1.53% of Putnam Managed Municipal Income Trust worth $4,254,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in PMM. Avior Wealth Management LLC raised its position in shares of Putnam Managed Municipal Income Trust by 235.9% in the 4th quarter. Avior Wealth Management LLC now owns 4,142 shares of the company's stock worth $25,000 after acquiring an additional 2,909 shares in the last quarter. Virtu Financial LLC acquired a new position in Putnam Managed Municipal Income Trust during the 4th quarter valued at about $66,000. Sanctuary Advisors LLC acquired a new position in Putnam Managed Municipal Income Trust during the 3rd quarter valued at about $70,000. Wedbush Securities Inc. increased its position in Putnam Managed Municipal Income Trust by 37.2% during the 4th quarter. Wedbush Securities Inc. now owns 14,007 shares of the company's stock valued at $84,000 after buying an additional 3,800 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Putnam Managed Municipal Income Trust during the 4th quarter valued at about $103,000. 13.54% of the stock is owned by institutional investors.
Putnam Managed Municipal Income Trust Trading Up 0.5 %
NYSE:PMM traded up $0.03 during mid-day trading on Thursday, hitting $5.92. 15,660 shares of the company's stock traded hands, compared to its average volume of 116,708. The company has a fifty day moving average of $6.11 and a 200 day moving average of $6.19. Putnam Managed Municipal Income Trust has a twelve month low of $5.66 and a twelve month high of $6.61.
Putnam Managed Municipal Income Trust Dividend Announcement
The firm also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be given a dividend of $0.0238 per share. This represents a yield of 4.88%. The ex-dividend date is Thursday, April 17th.
About Putnam Managed Municipal Income Trust
(
Free Report)
Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade.
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