Providence First Trust Co Makes New $258,000 Investment in Putnam Managed Municipal Income Trust (NYSE:PMM)

Providence First Trust Co bought a new position in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,906 shares of the company’s stock, valued at approximately $258,000. Providence First Trust Co owned about 0.06% of Putnam Managed Municipal Income Trust as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. National Asset Management Inc. increased its stake in Putnam Managed Municipal Income Trust by 1.0% during the second quarter. National Asset Management Inc. now owns 124,637 shares of the company’s stock worth $951,000 after acquiring an additional 1,286 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Putnam Managed Municipal Income Trust by 25.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 9,609 shares of the company’s stock worth $75,000 after acquiring an additional 1,941 shares during the last quarter. Benjamin Edwards Inc. increased its stake in Putnam Managed Municipal Income Trust by 129.8% during the second quarter. Benjamin Edwards Inc. now owns 5,400 shares of the company’s stock worth $41,000 after acquiring an additional 3,050 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Putnam Managed Municipal Income Trust by 6.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 57,752 shares of the company’s stock worth $441,000 after acquiring an additional 3,675 shares during the last quarter. Finally, Quad Cities Investment Group LLC increased its stake in Putnam Managed Municipal Income Trust by 14.3% during the second quarter. Quad Cities Investment Group LLC now owns 39,947 shares of the company’s stock worth $305,000 after acquiring an additional 4,997 shares during the last quarter. 8.91% of the stock is owned by institutional investors.

PMM stock traded up $0.01 during midday trading on Monday, hitting $7.96. 500 shares of the company’s stock were exchanged, compared to its average volume of 104,115. Putnam Managed Municipal Income Trust has a 1-year low of $6.67 and a 1-year high of $8.11. The business has a 50-day simple moving average of $7.88 and a two-hundred day simple moving average of $7.78.

Putnam Managed Municipal Income Trust 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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