Guggenheim Capital LLC raised its stake in Putnam Managed Municipal (NYSE:PMM) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 448,952 shares of the company’s stock after acquiring an additional 55,158 shares during the quarter. Guggenheim Capital LLC’s holdings in Putnam Managed Municipal were worth $3,327,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in PMM. Landscape Capital Management L.L.C. bought a new stake in Putnam Managed Municipal in the fourth quarter valued at $389,000. Twin Focus Capital Partners LLC grew its position in Putnam Managed Municipal by 158.0% in the fourth quarter. Twin Focus Capital Partners LLC now owns 61,893 shares of the company’s stock valued at $459,000 after acquiring an additional 37,900 shares during the period. Advisor Group Inc. grew its position in Putnam Managed Municipal by 117.0% in the fourth quarter. Advisor Group Inc. now owns 68,340 shares of the company’s stock valued at $506,000 after acquiring an additional 36,840 shares during the period. Ameriprise Financial Inc. grew its position in Putnam Managed Municipal by 8.9% in the third quarter. Ameriprise Financial Inc. now owns 388,097 shares of the company’s stock valued at $2,933,000 after acquiring an additional 31,644 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Putnam Managed Municipal in the fourth quarter valued at $222,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.
Shares of NYSE:PMM opened at $7.08 on Friday. Putnam Managed Municipal has a fifty-two week low of $6.89 and a fifty-two week high of $7.72.
There is no company description available for Putnam Managed Municipal Income Trust.
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