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

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 dated Friday, April 17th. The stock was sold at an average price of $7.38, for a total value of $11,335.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Putnam Managed Municipal Income Trust Stock Performance

Shares of PMM opened at $6.05 on Friday. The business has a 50-day moving average of $6.29 and a 200-day moving average of $6.30. Putnam Managed Municipal Income Trust has a 1 year low of $5.82 and a 1 year high of $6.61.

Putnam Managed Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 23rd will be paid a dividend of $0.0238 per share. This represents a $0.29 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Putnam Managed Municipal Income Trust

A number of institutional investors have recently bought and sold shares of PMM. Ashton Thomas Securities LLC acquired a new position in shares of Putnam Managed Municipal Income Trust in the 3rd quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in Putnam Managed Municipal Income Trust in the second quarter valued at approximately $58,000. Ackerman Capital Advisors LLC bought a new position in shares of Putnam Managed Municipal Income Trust during the 3rd quarter worth approximately $70,000. Sanctuary Advisors LLC bought a new position in shares of Putnam Managed Municipal Income Trust during the 3rd quarter worth approximately $70,000. Finally, Arbor Trust Wealth Advisors LLC bought a new stake in shares of Putnam Managed Municipal Income Trust in the 2nd quarter valued at $81,000. Institutional investors own 13.54% of the company’s stock.

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.