Guggenheim Capital LLC Acquires 120,948 Shares of Putnam Managed Municipal Income Trust (NYSE:PMM)

Guggenheim Capital LLC lifted its holdings in Putnam Managed Municipal Income Trust (NYSE:PMM) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 712,551 shares of the company’s stock after purchasing an additional 120,948 shares during the quarter. Guggenheim Capital LLC owned 1.53% of Putnam Managed Municipal Income Trust worth $4,254,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PMM. Advisors Asset Management Inc. increased its stake in Putnam Managed Municipal Income Trust by 22.9% in the 4th quarter. Advisors Asset Management Inc. now owns 797,465 shares of the company’s stock valued at $4,761,000 after buying an additional 148,493 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Putnam Managed Municipal Income Trust by 6.5% in the fourth quarter. Wells Fargo & Company MN now owns 712,659 shares of the company’s stock valued at $4,255,000 after acquiring an additional 43,540 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Putnam Managed Municipal Income Trust during the fourth quarter worth about $2,720,000. Van ECK Associates Corp boosted its position in Putnam Managed Municipal Income Trust by 3.6% during the fourth quarter. Van ECK Associates Corp now owns 341,484 shares of the company’s stock valued at $2,039,000 after purchasing an additional 11,828 shares during the last quarter. Finally, Sit Investment Associates Inc. grew its stake in Putnam Managed Municipal Income Trust by 29.0% in the fourth quarter. Sit Investment Associates Inc. now owns 223,312 shares of the company’s stock valued at $1,333,000 after purchasing an additional 50,200 shares in the last quarter. Institutional investors own 13.54% of the company’s stock.

Putnam Managed Municipal Income Trust Stock Up 0.3 %

NYSE:PMM opened at $5.86 on Friday. Putnam Managed Municipal Income Trust has a twelve month low of $5.66 and a twelve month high of $6.61. The stock’s 50 day moving average price is $6.14 and its two-hundred day moving average price is $6.20.

Putnam Managed Municipal Income Trust Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a dividend of $0.0238 per share. The ex-dividend date is Thursday, April 17th. This represents a yield of 4.88%.

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.