Hayden Royal LLC Buys New Holdings in Putnam Managed Municipal Income Trust (NYSE:PMM)

Hayden Royal LLC bought a new stake in Putnam Managed Municipal Income Trust (NYSE:PMM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,358 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PMM. CWM LLC acquired a new position in shares of Putnam Managed Municipal Income Trust in the first quarter valued at $30,000. Steward Partners Investment Advisory LLC bought a new stake in Putnam Managed Municipal Income Trust in the second quarter valued at $58,000. Boston Private Wealth LLC bought a new stake in Putnam Managed Municipal Income Trust in the second quarter valued at $88,000. Janney Montgomery Scott LLC bought a new stake in Putnam Managed Municipal Income Trust in the first quarter valued at $96,000. Finally, Columbia Asset Management bought a new stake in Putnam Managed Municipal Income Trust in the first quarter valued at $103,000. Institutional investors and hedge funds own 11.18% of the company’s stock.

NYSE:PMM traded up $0.02 during trading hours on Thursday, reaching $7.95. The company had a trading volume of 525 shares, compared to its average volume of 145,207. The business has a 50-day simple moving average of $7.84. Putnam Managed Municipal Income Trust has a one year low of $6.54 and a one year high of $8.07.



Putnam Managed Municipal Income Trust Company Profile

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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