66,293 Shares in Putnam Managed (NYSE:PMM) Bought by Advisor Resource Council

Advisor Resource Council purchased a new stake in Putnam Managed (NYSE:PMM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 66,293 shares of the company's stock, valued at approximately $406,000. Advisor Resource Council owned about 0.14% of Putnam Managed at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. acquired a new position in Putnam Managed in the first quarter valued at $1,587,000. Nomura Holdings Inc. grew its holdings in shares of Putnam Managed by 246.8% during the fourth quarter. Nomura Holdings Inc. now owns 51,000 shares of the company's stock worth $304,000 after buying an additional 36,295 shares during the last quarter. Logan Stone Capital LLC acquired a new position in Putnam Managed in the 4th quarter valued at about $245,000. Jane Street Group LLC purchased a new stake in Putnam Managed during the 4th quarter valued at approximately $203,000. Finally, Guggenheim Capital LLC raised its stake in Putnam Managed by 20.4% during the 4th quarter. Guggenheim Capital LLC now owns 712,551 shares of the company's stock valued at $4,254,000 after acquiring an additional 120,948 shares during the last quarter. Institutional investors and hedge funds own 13.54% of the company's stock.

Putnam Managed Trading Up 0.3%

Shares of PMM stock traded up $0.02 during midday trading on Thursday, hitting $5.91. The company had a trading volume of 66,206 shares, compared to its average volume of 114,325. The company's 50 day simple moving average is $5.91 and its 200 day simple moving average is $6.06. Putnam Managed has a 52-week low of $5.66 and a 52-week high of $6.61.

Putnam Managed Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be given a $0.0265 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a yield of 5.39%.

About Putnam Managed

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.