Rothschild Investment LLC Sells 6,000 Shares of Putnam Managed Municipal Income Trust (NYSE:PMM)

Rothschild Investment LLC decreased its holdings in Putnam Managed Municipal Income Trust (NYSE:PMM) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,067 shares of the company’s stock after selling 6,000 shares during the period. Rothschild Investment LLC owned about 0.53% of Putnam Managed Municipal Income Trust worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Concurrent Investment Advisors LLC grew its holdings in shares of Putnam Managed Municipal Income Trust by 6.4% in the third quarter. Concurrent Investment Advisors LLC now owns 28,647 shares of the company’s stock worth $186,000 after purchasing an additional 1,728 shares during the last quarter. Avior Wealth Management LLC boosted its position in Putnam Managed Municipal Income Trust by 235.9% in the 4th quarter. Avior Wealth Management LLC now owns 4,142 shares of the company’s stock valued at $25,000 after buying an additional 2,909 shares during the period. Ashton Thomas Securities LLC bought a new position in Putnam Managed Municipal Income Trust in the 3rd quarter worth about $25,000. Clear Creek Financial Management LLC increased its position in shares of Putnam Managed Municipal Income Trust by 21.2% during the third quarter. Clear Creek Financial Management LLC now owns 34,350 shares of the company’s stock worth $224,000 after acquiring an additional 6,000 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Putnam Managed Municipal Income Trust during the third quarter valued at approximately $70,000. 13.54% of the stock is currently owned by institutional investors.

Putnam Managed Municipal Income Trust Trading Down 1.0 %

Shares of NYSE PMM opened at $6.29 on Tuesday. Putnam Managed Municipal Income Trust has a 52-week low of $5.82 and a 52-week high of $6.61. The stock has a 50 day moving average price of $6.15 and a 200 day moving average price of $6.29.

Putnam Managed Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be issued a $0.0238 dividend. This represents a $0.29 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Monday, February 24th.

Insider Transactions at Putnam Managed Municipal Income Trust

In other Putnam Managed Municipal Income Trust news, major shareholder Of America Corp /De/ Bank purchased 16,585 shares of Putnam Managed Municipal Income Trust stock in a transaction dated Friday, January 10th. The stock was acquired at an average price of $6.02 per share, for a total transaction of $99,841.70. Following the acquisition, the insider now owns 16,585 shares in the company, valued at $99,841.70. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.01% of the company’s stock.

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.