WealthBridge Capital Management LLC Reduces Holdings in Putnam Managed Municipal Income Trust (NYSE:PMM)

WealthBridge Capital Management LLC trimmed its position in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) by 31.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,050 shares of the company’s stock after selling 16,200 shares during the quarter. WealthBridge Capital Management LLC owned approximately 0.08% of Putnam Managed Municipal Income Trust worth $215,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Raymond James & Associates increased its position in shares of Putnam Managed Municipal Income Trust by 7.5% during the third quarter. Raymond James & Associates now owns 420,283 shares of the company’s stock worth $2,736,000 after purchasing an additional 29,456 shares in the last quarter. Van ECK Associates Corp grew its holdings in Putnam Managed Municipal Income Trust by 3.6% in the 4th quarter. Van ECK Associates Corp now owns 341,484 shares of the company’s stock valued at $2,039,000 after buying an additional 11,828 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in Putnam Managed Municipal Income Trust by 92.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 127,613 shares of the company’s stock valued at $831,000 after buying an additional 61,240 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Putnam Managed Municipal Income Trust by 554.5% in the 3rd quarter. International Assets Investment Management LLC now owns 61,446 shares of the company’s stock valued at $400,000 after buying an additional 52,058 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its holdings in Putnam Managed Municipal Income Trust by 21.2% in the 3rd quarter. Clear Creek Financial Management LLC now owns 34,350 shares of the company’s stock valued at $224,000 after buying an additional 6,000 shares in the last quarter. 13.54% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Managed Municipal Income Trust Stock Performance

Shares of NYSE:PMM opened at $6.35 on Thursday. The business has a fifty day moving average of $6.15 and a two-hundred day moving average of $6.29. Putnam Managed Municipal Income Trust has a 52-week low of $5.82 and a 52-week high of $6.61.

Putnam Managed Municipal Income Trust Dividend Announcement

The business 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 yield of 4.50%. The ex-dividend date is Monday, February 24th.

Insider Buying and Selling 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 the stock in a transaction dated Friday, January 10th. The stock was acquired at an average cost 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.01% of the stock is owned by company insiders.

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.