Putnam Managed Municipal Income Trust (NYSE:PMM) Shares Purchased by Morgan Stanley

Morgan Stanley boosted its position in Putnam Managed Municipal Income Trust (NYSE:PMM) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 602,684 shares of the company’s stock after purchasing an additional 10,682 shares during the quarter. Morgan Stanley owned about 1.12% of Putnam Managed Municipal Income Trust worth $4,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PMM. Wedbush Securities Inc. raised its stake in Putnam Managed Municipal Income Trust by 111.8% in the 2nd quarter. Wedbush Securities Inc. now owns 106,833 shares of the company’s stock valued at $815,000 after purchasing an additional 56,400 shares during the last quarter. United Capital Financial Advisers LLC raised its stake in Putnam Managed Municipal Income Trust by 22.1% in the 2nd quarter. United Capital Financial Advisers LLC now owns 289,842 shares of the company’s stock valued at $2,211,000 after purchasing an additional 52,383 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Putnam Managed Municipal Income Trust by 15.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 290,813 shares of the company’s stock valued at $2,219,000 after purchasing an additional 39,902 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Putnam Managed Municipal Income Trust in the 2nd quarter valued at $219,000. Finally, Advisor Group Inc. raised its stake in Putnam Managed Municipal Income Trust by 21.0% in the 2nd quarter. Advisor Group Inc. now owns 152,976 shares of the company’s stock valued at $1,167,000 after purchasing an additional 26,562 shares during the last quarter. 9.47% of the stock is owned by hedge funds and other institutional investors.

NYSE PMM opened at $7.90 on Friday. The business has a fifty day moving average price of $7.88 and a 200 day moving average price of $7.75. Putnam Managed Municipal Income Trust has a one year low of $6.54 and a one year high of $8.11.

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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