Activest Wealth Management Has $95,000 Position in Putnam Managed Municipal Income Trust (NYSE:PMM)

Activest Wealth Management lessened its position in Putnam Managed Municipal Income Trust (NYSE:PMM) by 32.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,600 shares of the company’s stock after selling 6,900 shares during the quarter. Activest Wealth Management’s holdings in Putnam Managed Municipal Income Trust were worth $95,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Rothschild Investment LLC bought a new stake in shares of Putnam Managed Municipal Income Trust during the second quarter valued at approximately $1,569,000. Advisors Asset Management Inc. raised its holdings in shares of Putnam Managed Municipal Income Trust by 31.6% during the first quarter. Advisors Asset Management Inc. now owns 535,084 shares of the company’s stock worth $3,205,000 after acquiring an additional 128,455 shares during the period. Wolverine Asset Management LLC grew its holdings in shares of Putnam Managed Municipal Income Trust by 92.3% during the third quarter. Wolverine Asset Management LLC now owns 127,613 shares of the company’s stock worth $831,000 after buying an additional 61,240 shares in the last quarter. International Assets Investment Management LLC lifted its position in Putnam Managed Municipal Income Trust by 554.5% during the 3rd quarter. International Assets Investment Management LLC now owns 61,446 shares of the company’s stock worth $400,000 after buying an additional 52,058 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Putnam Managed Municipal Income Trust by 14.7% in the second quarter. Van ECK Associates Corp now owns 333,409 shares of the company’s stock valued at $2,067,000 after acquiring an additional 42,667 shares during the last quarter. 13.54% of the stock is owned by institutional investors.

Putnam Managed Municipal Income Trust Stock Up 0.3 %

PMM stock traded up $0.02 during trading hours on Thursday, hitting $6.19. 6,327 shares of the stock were exchanged, compared to its average volume of 101,514. Putnam Managed Municipal Income Trust has a 12 month low of $5.68 and a 12 month high of $6.61. The company has a 50-day simple moving average of $6.38 and a two-hundred day simple moving average of $6.26.

Putnam Managed Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.0238 per share. This represents a $0.29 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Friday, November 22nd.

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.