Putnam Managed Municipal Income Trust (NYSE:PMM) Major Shareholder Of America Corp /De/ Bank Acquires 2,000 Shares

Putnam Managed Municipal Income Trust (NYSE:PMM) major shareholder Of America Corp /De/ Bank bought 2,000 shares of the stock in a transaction on Friday, March 15th. The shares were acquired at an average cost of $7.80 per share, with a total value of $15,600.00. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Putnam Managed Municipal Income Trust Trading Down 0.7 %

Shares of Putnam Managed Municipal Income Trust stock traded down $0.04 during trading on Friday, reaching $6.05. The company’s stock had a trading volume of 126,960 shares, compared to its average volume of 104,974. Putnam Managed Municipal Income Trust has a 52 week low of $5.82 and a 52 week high of $6.61. The business’s 50-day moving average price is $6.30 and its 200-day moving average price is $6.30.

Putnam Managed Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders 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 yield of 4.72%.

Institutional Trading of Putnam Managed Municipal Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Clear Creek Financial Management LLC increased its holdings in shares of Putnam Managed Municipal Income Trust by 97.6% during the second quarter. Clear Creek Financial Management LLC now owns 28,350 shares of the company’s stock worth $176,000 after buying an additional 14,000 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Putnam Managed Municipal Income Trust in the 2nd quarter worth about $58,000. Rothschild Investment LLC acquired a new position in Putnam Managed Municipal Income Trust in the 2nd quarter worth about $1,569,000. Commonwealth Equity Services LLC boosted its stake in shares of Putnam Managed Municipal Income Trust by 4.7% during the second quarter. Commonwealth Equity Services LLC now owns 59,747 shares of the company’s stock valued at $370,000 after purchasing an additional 2,658 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Putnam Managed Municipal Income Trust by 14.7% during the second quarter. Van ECK Associates Corp now owns 333,409 shares of the company’s stock valued at $2,067,000 after purchasing an additional 42,667 shares in the last quarter. Institutional investors own 13.54% of the company’s stock.

About Putnam Managed Municipal Income Trust

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.