Putnam Managed Municipal Income Trust (NYSE:PMM) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its stake in Putnam Managed Municipal Income Trust (NYSE:PMM) by 6.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 43,540 shares of the company’s stock after acquiring an additional 2,808 shares during the period. Commonwealth Equity Services LLC’s holdings in Putnam Managed Municipal Income Trust were worth $363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Joseph P. Lucia & Associates LLC boosted its holdings in Putnam Managed Municipal Income Trust by 17.0% in the third quarter. Joseph P. Lucia & Associates LLC now owns 183,641 shares of the company’s stock valued at $1,532,000 after purchasing an additional 26,730 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Putnam Managed Municipal Income Trust by 4.8% in the second quarter. Van ECK Associates Corp now owns 177,986 shares of the company’s stock valued at $1,561,000 after acquiring an additional 8,207 shares during the period. National Asset Management Inc. lifted its holdings in shares of Putnam Managed Municipal Income Trust by 1.9% during the second quarter. National Asset Management Inc. now owns 139,516 shares of the company’s stock worth $1,219,000 after purchasing an additional 2,588 shares during the period. Invesco Ltd. lifted its holdings in shares of Putnam Managed Municipal Income Trust by 114.4% during the second quarter. Invesco Ltd. now owns 91,218 shares of the company’s stock worth $800,000 after purchasing an additional 48,680 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Putnam Managed Municipal Income Trust by 58.1% during the second quarter. Segall Bryant & Hamill LLC now owns 34,000 shares of the company’s stock worth $299,000 after purchasing an additional 12,500 shares during the period. Hedge funds and other institutional investors own 9.00% of the company’s stock.

Shares of NYSE PMM opened at $8.04 on Friday. The stock has a fifty day moving average price of $8.60 and a 200 day moving average price of $8.58. Putnam Managed Municipal Income Trust has a 1-year low of $7.92 and a 1-year high of $8.92.

The business also recently declared a dividend, which will be paid on Tuesday, February 1st. Investors of record on Monday, January 24th will be issued a dividend of $0.032 per share. This represents a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, January 21st.

About Putnam Managed Municipal Income Trust

Putnam Managed Municipal Income Trust is a closed-end management investment company, which engages in investing in healthcare, education, industrials, and housing sectors. The company was founded in 1937 and is headquartered in Boston, MA.

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Institutional Ownership by Quarter for Putnam Managed Municipal Income Trust (NYSE:PMM)

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