Invesco Ltd. grew its holdings in PUTNAM MANAGED (NYSE:PMM - Free Report) by 71.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,686 shares of the company's stock after acquiring an additional 70,191 shares during the quarter. Invesco Ltd. owned 0.36% of PUTNAM MANAGED worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of PMM. Smallwood Wealth Investment Management LLC bought a new stake in shares of PUTNAM MANAGED in the first quarter valued at approximately $55,000. XML Financial LLC bought a new position in PUTNAM MANAGED in the first quarter worth $142,000. Jane Street Group LLC bought a new position in PUTNAM MANAGED in the fourth quarter worth $203,000. Logan Stone Capital LLC bought a new position in PUTNAM MANAGED in the fourth quarter worth $245,000. Finally, Nomura Holdings Inc. lifted its position in PUTNAM MANAGED by 246.8% in the fourth quarter. Nomura Holdings Inc. now owns 51,000 shares of the company's stock worth $304,000 after purchasing an additional 36,295 shares during the period. 13.54% of the stock is owned by institutional investors.
PUTNAM MANAGED Stock Up 1.7%
PMM stock traded up $0.10 during midday trading on Friday, hitting $5.96. The stock had a trading volume of 191,884 shares, compared to its average volume of 92,825. PUTNAM MANAGED has a 52 week low of $5.66 and a 52 week high of $6.61. The stock has a 50-day simple moving average of $5.88 and a 200 day simple moving average of $5.96.
PUTNAM MANAGED Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.0265 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, October 17th.
About PUTNAM MANAGED
(
Free Report)
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.
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