Of America Corp /De/ Bank Purchases 2,000 Shares of Putnam Managed Municipal Income Trust (NYSE:PMM) Stock

Putnam Managed Municipal Income Trust (NYSE:PMM - Get Free Report) major shareholder Of America Corp /De/ Bank acquired 2,000 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $7.80 per share, for a total transaction of $15,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Putnam Managed Municipal Income Trust Trading Down 0.7 %

PMM stock traded down $0.04 during trading on Friday, reaching $6.05. 126,960 shares of the company's stock were exchanged, compared to its average volume of 104,974. Putnam Managed Municipal Income Trust has a 1-year low of $5.82 and a 1-year high of $6.61. The company's fifty day moving average price is $6.29 and its 200-day moving average price is $6.30.

Putnam Managed Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 23rd will be paid a dividend of $0.0238 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.72%.

Hedge Funds Weigh In On Putnam Managed Municipal Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Putnam Managed Municipal Income Trust in the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in shares of Putnam Managed Municipal Income Trust during the 2nd quarter worth $58,000. Ackerman Capital Advisors LLC acquired a new position in shares of Putnam Managed Municipal Income Trust in the 3rd quarter worth $70,000. Sanctuary Advisors LLC acquired a new position in shares of Putnam Managed Municipal Income Trust in the 3rd quarter worth $70,000. Finally, Arbor Trust Wealth Advisors LLC acquired a new stake in shares of Putnam Managed Municipal Income Trust during the second quarter worth $81,000. 13.54% of the stock is owned by institutional investors.

Putnam Managed Municipal Income Trust Company Profile

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.