Landscape Capital Management L.L.C. Reduces Position in Putnam Managed Municipal Income Trust (NYSE:PMM)

Landscape Capital Management L.L.C. decreased its position in Putnam Managed Municipal Income Trust (NYSE:PMM) by 70.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,731 shares of the company’s stock after selling 33,434 shares during the period. Landscape Capital Management L.L.C.’s holdings in Putnam Managed Municipal Income Trust were worth $82,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC grew its stake in shares of 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. Virtu Financial LLC purchased a new stake in shares of Putnam Managed Municipal Income Trust in the 4th quarter valued at approximately $66,000. Sanctuary Advisors LLC purchased a new stake in shares of Putnam Managed Municipal Income Trust in the 3rd quarter valued at approximately $70,000. Noble Wealth Management PBC purchased a new stake in shares of Putnam Managed Municipal Income Trust in the 4th quarter valued at approximately $104,000. Finally, Thomas J. Herzfeld Advisors Inc. grew its stake in shares of Putnam Managed Municipal Income Trust by 21.1% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 43,341 shares of the company’s stock valued at $259,000 after buying an additional 7,543 shares during the period. Hedge funds and other institutional investors own 13.54% of the company’s stock.

Insider Transactions at Putnam Managed Municipal Income Trust

In other Putnam Managed Municipal Income Trust news, major shareholder Of America Corp /De/ Bank bought 16,585 shares of Putnam Managed Municipal Income Trust stock in a transaction on Friday, January 10th. The shares were bought at an average cost of $6.02 per share, for a total transaction of $99,841.70. Following the acquisition, the insider now directly owns 16,585 shares in the company, valued at $99,841.70. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.01% of the company’s stock.

Putnam Managed Municipal Income Trust Stock Performance

Shares of PMM stock opened at $5.87 on Thursday. The firm’s 50 day moving average price is $6.19 and its 200-day moving average price is $6.23. Putnam Managed Municipal Income Trust has a one year low of $5.66 and a one year high of $6.61.

Putnam Managed Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.0238 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.29 annualized dividend and a dividend yield of 4.87%.

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.