Ballast Inc. Invests $184,000 in PUTNAM MANAGED $PMM

Ballast Inc. purchased a new position in PUTNAM MANAGED (NYSE:PMMFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 30,832 shares of the company’s stock, valued at approximately $184,000. Ballast Inc. owned about 0.07% of PUTNAM MANAGED at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Invesco Ltd. raised its position in shares of PUTNAM MANAGED by 71.3% in the 1st quarter. Invesco Ltd. now owns 168,686 shares of the company’s stock worth $1,034,000 after purchasing an additional 70,191 shares during the last quarter. Advisor Resource Council bought a new stake in PUTNAM MANAGED in the 1st quarter worth about $406,000. Advisors Asset Management Inc. increased its holdings in PUTNAM MANAGED by 9.8% in the 1st quarter. Advisors Asset Management Inc. now owns 875,831 shares of the company’s stock worth $5,369,000 after buying an additional 78,366 shares in the last quarter. Sit Investment Associates Inc. increased its holdings in PUTNAM MANAGED by 130.8% in the 1st quarter. Sit Investment Associates Inc. now owns 515,349 shares of the company’s stock worth $3,159,000 after buying an additional 292,037 shares in the last quarter. Finally, XML Financial LLC increased its holdings in PUTNAM MANAGED by 149.4% in the 2nd quarter. XML Financial LLC now owns 57,600 shares of the company’s stock worth $344,000 after buying an additional 34,500 shares in the last quarter. Hedge funds and other institutional investors own 13.54% of the company’s stock.

PUTNAM MANAGED Trading Down 1.2%

NYSE PMM opened at $6.08 on Monday. PUTNAM MANAGED has a one year low of $5.66 and a one year high of $6.53. The stock has a 50-day moving average of $6.00 and a 200 day moving average of $5.94.

PUTNAM MANAGED Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $0.0265 dividend. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, October 17th.

PUTNAM MANAGED Company Profile

(Free Report)

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 (NYSE:PMM)

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