Putnam Managed Municipal Income Trust (NYSE:PMM) Stock Position Increased by AE Wealth Management LLC

AE Wealth Management LLC grew its position in Putnam Managed Municipal Income Trust (NYSE:PMMGet Rating) by 23.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,590 shares of the company’s stock after purchasing an additional 3,160 shares during the period. AE Wealth Management LLC’s holdings in Putnam Managed Municipal Income Trust were worth $94,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PMM. LPL Financial LLC boosted its position in shares of Putnam Managed Municipal Income Trust by 2.3% during the second quarter. LPL Financial LLC now owns 122,201 shares of the company’s stock worth $809,000 after buying an additional 2,715 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Putnam Managed Municipal Income Trust by 16.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 23,959 shares of the company’s stock valued at $159,000 after acquiring an additional 3,347 shares in the last quarter. Goodwin Daniel L raised its stake in Putnam Managed Municipal Income Trust by 3.9% during the 2nd quarter. Goodwin Daniel L now owns 93,612 shares of the company’s stock valued at $620,000 after acquiring an additional 3,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Putnam Managed Municipal Income Trust by 1.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 195,046 shares of the company’s stock worth $1,379,000 after acquiring an additional 3,621 shares during the period. Finally, Captrust Financial Advisors bought a new position in shares of Putnam Managed Municipal Income Trust in the second quarter worth $26,000. Institutional investors and hedge funds own 10.78% of the company’s stock.

Putnam Managed Municipal Income Trust Stock Performance

Shares of NYSE PMM opened at $6.85 on Friday. The firm’s 50-day simple moving average is $6.38 and its 200 day simple moving average is $6.39. Putnam Managed Municipal Income Trust has a fifty-two week low of $5.58 and a fifty-two week high of $7.85.

Putnam Managed Municipal Income Trust Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, February 1st. Investors of record on Tuesday, January 24th will be issued a dividend of $0.032 per share. The ex-dividend date is Monday, January 23rd. This represents a yield of 5.66%.

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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