Capital Investment Advisors LLC Has $705,000 Stock Holdings in Putnam Managed Municipal Income Trust (NYSE:PMM)

Capital Investment Advisors LLC trimmed its holdings in shares of Putnam Managed Municipal Income Trust (NYSE:PMMGet Rating) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,559 shares of the company’s stock after selling 5,745 shares during the period. Capital Investment Advisors LLC owned approximately 0.22% of Putnam Managed Municipal Income Trust worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in Putnam Managed Municipal Income Trust during the first quarter valued at $78,000. Smallwood Wealth Investment Management LLC acquired a new position in Putnam Managed Municipal Income Trust during the first quarter valued at $83,000. Doyle Wealth Management acquired a new position in Putnam Managed Municipal Income Trust during the first quarter valued at $85,000. Comerica Bank acquired a new position in Putnam Managed Municipal Income Trust during the first quarter valued at $115,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Putnam Managed Municipal Income Trust during the first quarter valued at $164,000. 10.55% of the stock is owned by institutional investors and hedge funds.

Putnam Managed Municipal Income Trust Price Performance

NYSE:PMM opened at $6.30 on Friday. Putnam Managed Municipal Income Trust has a 1-year low of $6.16 and a 1-year high of $8.90. The business’s fifty day moving average price is $6.81 and its 200 day moving average price is $6.77.

Putnam Managed Municipal Income Trust Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 23rd will be paid a $0.032 dividend. The ex-dividend date is Thursday, September 22nd. This represents a yield of 6.1%.

Putnam Managed Municipal Income Trust Profile

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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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Institutional Ownership by Quarter for Putnam Managed Municipal Income Trust (NYSE:PMM)

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