Wells Fargo & Company MN lifted its stake in shares of Putnam Managed Municipal Income Trust (NYSE:PMM - Free Report) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 712,659 shares of the company's stock after buying an additional 43,540 shares during the quarter. Wells Fargo & Company MN owned about 1.53% of Putnam Managed Municipal Income Trust worth $4,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in shares of Putnam Managed Municipal Income Trust by 22.9% during the 4th quarter. Advisors Asset Management Inc. now owns 797,465 shares of the company's stock worth $4,761,000 after acquiring an additional 148,493 shares during the period. Raymond James Financial Inc. bought a new position in Putnam Managed Municipal Income Trust in the fourth quarter worth $2,720,000. Van ECK Associates Corp lifted its position in Putnam Managed Municipal Income Trust by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 341,484 shares of the company's stock valued at $2,039,000 after buying an additional 11,828 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Putnam Managed Municipal Income Trust during the 4th quarter valued at $350,000. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Putnam Managed Municipal Income Trust by 34.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 55,037 shares of the company's stock valued at $329,000 after buying an additional 14,099 shares in the last quarter. 13.54% of the stock is owned by institutional investors.
Putnam Managed Municipal Income Trust Stock Up 0.7 %
Shares of Putnam Managed Municipal Income Trust stock traded up $0.04 during trading on Friday, hitting $5.94. The company's stock had a trading volume of 177,240 shares, compared to its average volume of 117,570. Putnam Managed Municipal Income Trust has a 52 week low of $5.66 and a 52 week high of $6.61. The company has a fifty day simple moving average of $6.09 and a two-hundred day simple moving average of $6.18.
Putnam Managed Municipal Income Trust Announces Dividend
The business also recently declared a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a $0.0238 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 4.88%.
Putnam Managed Municipal Income Trust Company Profile
(
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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