Hayden Royal LLC Takes $110,000 Position in Putnam Managed Municipal Income Trust (PMM)

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Hayden Royal LLC bought a new stake in Putnam Managed Municipal Income Trust (NYSE:PMM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,358 shares of the company’s stock, valued at approximately $110,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Morgan Stanley grew its position in shares of Putnam Managed Municipal Income Trust by 2.5% in the 3rd quarter. Morgan Stanley now owns 357,636 shares of the company’s stock valued at $2,475,000 after acquiring an additional 8,594 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Putnam Managed Municipal Income Trust during the 3rd quarter worth about $1,307,000. LPL Financial LLC boosted its holdings in shares of Putnam Managed Municipal Income Trust by 20.4% during the 3rd quarter. LPL Financial LLC now owns 167,802 shares of the company’s stock worth $1,161,000 after buying an additional 28,417 shares during the period. Bank of America Corp DE boosted its holdings in shares of Putnam Managed Municipal Income Trust by 11.1% during the 2nd quarter. Bank of America Corp DE now owns 152,704 shares of the company’s stock worth $1,081,000 after buying an additional 15,241 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Putnam Managed Municipal Income Trust by 4.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 104,675 shares of the company’s stock worth $703,000 after buying an additional 4,300 shares during the period. 11.05% of the stock is owned by institutional investors and hedge funds.

Shares of PMM stock opened at $7.12 on Thursday. Putnam Managed Municipal Income Trust has a 52 week low of $6.54 and a 52 week high of $7.27.

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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.

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Institutional Ownership by Quarter for Putnam Managed Municipal Income Trust (NYSE:PMM)

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