Putnam Managed Municipal Income Trust (NYSE:PMM - Get Free Report) declared a dividend on Saturday, June 14th, investing.com reports. Shareholders of record on Tuesday, June 17th will be given a dividend of 0.0265 per share on Monday, June 30th. This represents a yield of 5.39%. The ex-dividend date of this dividend is Monday, June 16th.
Putnam Managed Municipal Income Trust Trading Down 0.2%
Putnam Managed Municipal Income Trust stock traded down $0.01 during trading hours on Friday, hitting $5.90. The stock had a trading volume of 114,962 shares, compared to its average volume of 115,283. The company has a 50-day moving average of $5.90 and a two-hundred day moving average of $6.09. Putnam Managed Municipal Income Trust has a fifty-two week low of $5.66 and a fifty-two week high of $6.61.
Hedge Funds Weigh In On Putnam Managed Municipal Income Trust
An institutional investor recently raised its position in Putnam Managed Municipal Income Trust stock. NewEdge Advisors LLC raised its position in Putnam Managed Municipal Income Trust (NYSE:PMM - Free Report) by 41.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,381 shares of the company's stock after acquiring an additional 10,014 shares during the period. NewEdge Advisors LLC owned about 0.07% of Putnam Managed Municipal Income Trust worth $211,000 as of its most recent SEC filing. Institutional investors and hedge funds own 13.54% of the company's stock.
Putnam Managed Municipal Income Trust Company Profile
(
Get 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.
Recommended Stories
Before you consider Putnam Managed Municipal Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Putnam Managed Municipal Income Trust wasn't on the list.
While Putnam Managed Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
