Putnam Managed Municipal Income Trust (NYSE:PMM) Major Shareholder Of America Corp /De/ Bank Sells 1,536 Shares

Putnam Managed Municipal Income Trust (NYSE:PMM) major shareholder Of America Corp /De/ Bank sold 1,536 shares of Putnam Managed Municipal Income Trust stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $7.38, for a total transaction of $11,335.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Putnam Managed Municipal Income Trust Stock Performance

Shares of NYSE PMM opened at $6.05 on Friday. The company’s 50 day simple moving average is $6.29 and its 200 day simple moving average is $6.30. Putnam Managed Municipal Income Trust has a fifty-two week low of $5.82 and a fifty-two week high of $6.61.

Putnam Managed Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd will be given a $0.0238 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.29 annualized dividend and a dividend yield of 4.72%.

Institutional Investors Weigh In On Putnam Managed Municipal Income Trust

A number of institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in Putnam Managed Municipal Income Trust in the third quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new position in shares of Putnam Managed Municipal Income Trust during the second quarter worth $58,000. Ackerman Capital Advisors LLC acquired a new position in shares of Putnam Managed Municipal Income Trust in the 3rd quarter valued at $70,000. Sanctuary Advisors LLC bought a new stake in shares of Putnam Managed Municipal Income Trust in the 3rd quarter valued at $70,000. Finally, Arbor Trust Wealth Advisors LLC acquired a new stake in Putnam Managed Municipal Income Trust during the 2nd quarter worth $81,000. 13.54% of the stock is owned by institutional investors and hedge funds.

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.