Meridian Wealth Management LLC Acquires New Holdings in Putnam Managed $PMM

Meridian Wealth Management LLC purchased a new stake in shares of Putnam Managed (NYSE:PMM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,291 shares of the company’s stock, valued at approximately $85,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PMM. Advisors Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 78,366 shares during the last quarter. Sit Investment Associates Inc. lifted its stake in Putnam Managed by 130.8% during the first quarter. Sit Investment Associates Inc. now owns 515,349 shares of the company’s stock worth $3,159,000 after purchasing an additional 292,037 shares in the last quarter. Invesco Ltd. boosted its position in shares of Putnam Managed by 71.3% during the first quarter. Invesco Ltd. now owns 168,686 shares of the company’s stock worth $1,034,000 after buying an additional 70,191 shares during the period. Allworth Financial LP purchased a new position in shares of Putnam Managed during the second quarter worth $617,000. Finally, XML Financial LLC grew its stake in shares of Putnam Managed by 149.4% in the second quarter. XML Financial LLC now owns 57,600 shares of the company’s stock valued at $344,000 after buying an additional 34,500 shares in the last quarter. 13.54% of the stock is owned by hedge funds and other institutional investors.

Putnam Managed Trading Up 0.2%

PMM stock opened at $6.11 on Wednesday. The business’s fifty day moving average price is $6.11 and its 200 day moving average price is $5.97. Putnam Managed has a 12-month low of $5.66 and a 12-month high of $6.46.

Putnam Managed 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.