Putnam Managed Municipal Income Trust (NYSE:PMM) Shares Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC increased its position in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) by 35.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,373 shares of the company’s stock after acquiring an additional 17,275 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.14% of Putnam Managed Municipal Income Trust worth $412,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Putnam Managed Municipal Income Trust during the second quarter worth approximately $58,000. Nomura Holdings Inc. purchased a new position in Putnam Managed Municipal Income Trust during the fourth quarter worth approximately $63,000. Kestra Private Wealth Services LLC raised its stake in Putnam Managed Municipal Income Trust by 17.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 13,244 shares of the company’s stock worth $81,000 after purchasing an additional 1,944 shares during the period. Virtu Financial LLC purchased a new position in Putnam Managed Municipal Income Trust during the first quarter worth approximately $91,000. Finally, Spire Wealth Management purchased a new position in Putnam Managed Municipal Income Trust during the fourth quarter worth approximately $107,000. Institutional investors and hedge funds own 13.54% of the company’s stock.

Putnam Managed Municipal Income Trust Stock Up 0.2 %

NYSE:PMM opened at $6.34 on Friday. Putnam Managed Municipal Income Trust has a fifty-two week low of $5.00 and a fifty-two week high of $6.50. The firm’s 50 day moving average is $6.29 and its two-hundred day moving average is $6.12.

Putnam Managed Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th will be paid a dividend of $0.0238 per share. This represents a $0.29 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Tuesday, September 24th.

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.