Sanctuary Advisors LLC Buys New Holdings in Putnam Managed Municipal Income Trust (NYSE:PMM)

Sanctuary Advisors LLC purchased a new position in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,300 shares of the company’s stock, valued at approximately $70,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new position in Putnam Managed Municipal Income Trust during the 3rd quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in Putnam Managed Municipal Income Trust during the second quarter worth $58,000. Ackerman Capital Advisors LLC purchased a new stake in shares of Putnam Managed Municipal Income Trust in the third quarter valued at about $70,000. Arbor Trust Wealth Advisors LLC acquired a new stake in shares of Putnam Managed Municipal Income Trust during the second quarter valued at $81,000. Finally, Concurrent Investment Advisors LLC grew its stake in Putnam Managed Municipal Income Trust by 6.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 28,647 shares of the company’s stock worth $186,000 after acquiring an additional 1,728 shares during the period. 13.54% of the stock is owned by institutional investors and hedge funds.

Putnam Managed Municipal Income Trust Trading Down 0.8 %

Shares of Putnam Managed Municipal Income Trust stock opened at $5.97 on Tuesday. Putnam Managed Municipal Income Trust has a twelve month low of $5.82 and a twelve month high of $6.61. The business’s fifty day moving average price is $6.24 and its 200 day moving average price is $6.30.

Putnam Managed Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd will be paid a $0.0238 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.78%.

Putnam Managed Municipal Income Trust Company 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.