Landscape Capital Management L.L.C. Has $307,000 Stake in Putnam Managed Municipal Income Trust (NYSE:PMM)

Landscape Capital Management L.L.C. reduced its position in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) by 49.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,165 shares of the company’s stock after selling 46,932 shares during the period. Landscape Capital Management L.L.C.’s holdings in Putnam Managed Municipal Income Trust were worth $307,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC lifted 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 valued at $186,000 after acquiring an additional 1,728 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Putnam Managed Municipal Income Trust by 4.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 45,312 shares of the company’s stock valued at $249,000 after purchasing an additional 1,885 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Putnam Managed Municipal Income Trust by 4.7% in the second quarter. Commonwealth Equity Services LLC now owns 59,747 shares of the company’s stock worth $370,000 after purchasing an additional 2,658 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Putnam Managed Municipal Income Trust during the third quarter worth $25,000. Finally, WealthBridge Capital Management LLC grew its position in Putnam Managed Municipal Income Trust by 10.5% in the third quarter. WealthBridge Capital Management LLC now owns 52,250 shares of the company’s stock valued at $340,000 after purchasing an additional 4,950 shares in the last quarter. 13.54% of the stock is currently owned by institutional investors.

Putnam Managed Municipal Income Trust Price Performance

Shares of NYSE:PMM opened at $6.16 on Monday. The company’s 50-day moving average price is $6.37 and its two-hundred day moving average price is $6.26. Putnam Managed Municipal Income Trust has a one year low of $5.68 and a one year high of $6.61.

Putnam Managed Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be issued a dividend of $0.0238 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.29 annualized dividend and a yield of 4.64%.

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.