Invesco Ltd. Purchases 70,191 Shares of PUTNAM MANAGED $PMM

Invesco Ltd. raised its position in PUTNAM MANAGED (NYSE:PMM) by 71.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,686 shares of the company’s stock after buying an additional 70,191 shares during the quarter. Invesco Ltd. owned about 0.36% of PUTNAM MANAGED worth $1,034,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of PUTNAM MANAGED during the 1st quarter valued at approximately $55,000. XML Financial LLC bought a new stake in shares of PUTNAM MANAGED during the 1st quarter valued at approximately $142,000. Jane Street Group LLC bought a new stake in shares of PUTNAM MANAGED during the 4th quarter valued at approximately $203,000. Logan Stone Capital LLC bought a new stake in shares of PUTNAM MANAGED during the 4th quarter valued at approximately $245,000. Finally, Nomura Holdings Inc. grew its holdings in shares of PUTNAM MANAGED by 246.8% during the 4th quarter. Nomura Holdings Inc. now owns 51,000 shares of the company’s stock valued at $304,000 after purchasing an additional 36,295 shares during the last quarter. 13.54% of the stock is owned by institutional investors.

PUTNAM MANAGED Trading Down 0.3%

Shares of NYSE:PMM opened at $5.84 on Wednesday. The company has a fifty day moving average of $5.88 and a 200-day moving average of $5.97. PUTNAM MANAGED has a 52-week low of $5.66 and a 52-week high of $6.61.

PUTNAM MANAGED Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $0.0265 per share. The ex-dividend date is Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 5.4%.

About PUTNAM MANAGED

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.