United Capital Financial Advisers LLC Has $2.21 Million Stock Holdings in Putnam Managed Municipal Income Trust (NYSE:PMM)

United Capital Financial Advisers LLC lifted its position in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) by 22.1% during the 2nd quarter, Holdings Channel reports. The firm owned 289,842 shares of the company’s stock after purchasing an additional 52,383 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Putnam Managed Municipal Income Trust were worth $2,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PMM. National Asset Management Inc. grew its stake in Putnam Managed Municipal Income Trust by 1.0% in the 2nd quarter. National Asset Management Inc. now owns 124,637 shares of the company’s stock valued at $951,000 after buying an additional 1,286 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Putnam Managed Municipal Income Trust by 5.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 54,077 shares of the company’s stock valued at $404,000 after buying an additional 2,920 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Putnam Managed Municipal Income Trust by 129.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 5,400 shares of the company’s stock valued at $41,000 after buying an additional 3,050 shares during the last quarter. Quad Cities Investment Group LLC grew its stake in Putnam Managed Municipal Income Trust by 14.3% in the 2nd quarter. Quad Cities Investment Group LLC now owns 39,947 shares of the company’s stock valued at $305,000 after buying an additional 4,997 shares during the last quarter. Finally, CWM LLC grew its stake in Putnam Managed Municipal Income Trust by 141.1% in the 2nd quarter. CWM LLC now owns 9,517 shares of the company’s stock valued at $73,000 after buying an additional 5,570 shares during the last quarter. Institutional investors own 10.50% of the company’s stock.

PMM traded up $0.06 on Wednesday, reaching $7.83. The company had a trading volume of 1,517 shares, compared to its average volume of 100,854. Putnam Managed Municipal Income Trust has a fifty-two week low of $6.54 and a fifty-two week high of $8.11. The company’s fifty day moving average is $7.96 and its 200 day moving average is $7.66.



About Putnam Managed Municipal Income Trust

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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