Putnam Managed Municipal Income Trust (NYSE:PMM) Shares Sold by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management lowered its position in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) by 25.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,614 shares of the company’s stock after selling 24,544 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Putnam Managed Municipal Income Trust were worth $428,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Raymond James & Associates raised its position in shares of Putnam Managed Municipal Income Trust by 7.5% during the 3rd quarter. Raymond James & Associates now owns 420,283 shares of the company’s stock valued at $2,736,000 after acquiring an additional 29,456 shares in the last quarter. Wolverine Asset Management LLC increased its stake in 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 valued at $831,000 after purchasing an additional 61,240 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Putnam Managed Municipal Income Trust by 554.5% during the third quarter. International Assets Investment Management LLC now owns 61,446 shares of the company’s stock worth $400,000 after purchasing an additional 52,058 shares during the period. WealthBridge Capital Management LLC lifted its position in shares of Putnam Managed Municipal Income Trust by 10.5% in the 3rd quarter. WealthBridge Capital Management LLC now owns 52,250 shares of the company’s stock worth $340,000 after buying an additional 4,950 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its holdings in shares of Putnam Managed Municipal Income Trust by 21.2% in the 3rd quarter. Clear Creek Financial Management LLC now owns 34,350 shares of the company’s stock valued at $224,000 after buying an additional 6,000 shares during the period. Institutional investors own 13.54% of the company’s stock.

Insider Transactions at Putnam Managed Municipal Income Trust

In other Putnam Managed Municipal Income Trust news, major shareholder Of America Corp /De/ Bank purchased 16,585 shares of Putnam Managed Municipal Income Trust stock in a transaction on Friday, January 10th. The stock was bought at an average price of $6.02 per share, for a total transaction of $99,841.70. Following the transaction, the insider now owns 16,585 shares of the company’s stock, valued at $99,841.70. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.01% of the company’s stock.

Putnam Managed Municipal Income Trust Stock Up 0.9 %

Shares of NYSE:PMM opened at $6.21 on Friday. Putnam Managed Municipal Income Trust has a fifty-two week low of $5.82 and a fifty-two week high of $6.61. The firm has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $6.29.

Putnam Managed Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a dividend of $0.0238 per share. This represents a $0.29 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Friday, January 24th.

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.