Putnam Managed Municipal Income Trust (NYSE:PMM) Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) by 511.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,454 shares of the company’s stock after buying an additional 47,225 shares during the quarter. International Assets Investment Management LLC owned about 0.12% of Putnam Managed Municipal Income Trust worth $343,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC bought a new position in shares of Putnam Managed Municipal Income Trust during the third quarter worth about $62,000. Clear Creek Financial Management LLC acquired a new stake in shares of Putnam Managed Municipal Income Trust in the fourth quarter valued at approximately $87,000. Landscape Capital Management L.L.C. raised its holdings in shares of Putnam Managed Municipal Income Trust by 6.7% during the third quarter. Landscape Capital Management L.L.C. now owns 40,376 shares of the company’s stock valued at $221,000 after buying an additional 2,519 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Putnam Managed Municipal Income Trust by 4.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 45,312 shares of the company’s stock worth $249,000 after buying an additional 2,101 shares during the period. Finally, Advisor Resource Council bought a new position in Putnam Managed Municipal Income Trust in the 4th quarter worth approximately $300,000. 13.54% of the stock is owned by institutional investors and hedge funds.

Putnam Managed Municipal Income Trust Price Performance

Shares of Putnam Managed Municipal Income Trust stock opened at $5.84 on Friday. Putnam Managed Municipal Income Trust has a 1-year low of $5.00 and a 1-year high of $6.42. The business’s fifty day moving average price is $6.04 and its two-hundred day moving average price is $5.90.

Putnam Managed Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be paid a $0.0238 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, May 23rd.

About Putnam Managed Municipal Income Trust

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.