Putnam Managed Municipal Income Trust (NYSE:PMM) Major Shareholder Of America Corp /De/ Bank Purchases 2,790 Shares

Putnam Managed Municipal Income Trust (NYSE:PMM) major shareholder Of America Corp /De/ Bank purchased 2,790 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were purchased at an average price of $7.35 per share, with a total value of $20,506.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 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 %

Putnam Managed Municipal Income Trust stock opened at $6.05 on Monday. Putnam Managed Municipal Income Trust has a 1-year low of $5.82 and a 1-year high of $6.61. The firm has a 50-day moving average of $6.29 and a 200-day moving average of $6.31.

Putnam Managed Municipal Income Trust Dividend Announcement

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

Institutional Trading of Putnam Managed Municipal Income Trust

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in Putnam Managed Municipal Income Trust by 554.5% in the third quarter. International Assets Investment Management LLC now owns 61,446 shares of the company’s stock worth $400,000 after purchasing an additional 52,058 shares in the last quarter. Raymond James & Associates grew its position in shares of Putnam Managed Municipal Income Trust by 7.5% in the 3rd quarter. Raymond James & Associates now owns 420,283 shares of the company’s stock worth $2,736,000 after buying an additional 29,456 shares during the period. Clear Creek Financial Management LLC grew its position in shares of Putnam Managed Municipal Income Trust by 97.6% in the 2nd 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 during the period. Rothschild Investment LLC bought a new position in shares of Putnam Managed Municipal Income Trust in the 2nd quarter worth about $1,569,000. Finally, Commonwealth Equity Services LLC lifted its position in Putnam Managed Municipal Income Trust by 4.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 59,747 shares of the company’s stock valued at $370,000 after acquiring an additional 2,658 shares during the period. 13.54% of the stock is owned by institutional investors.

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.