Quad Cities Investment Group LLC Buys 2,413 Shares of Putnam Managed Municipal Income Trust (NYSE:PMM)

Quad Cities Investment Group LLC grew its stake in Putnam Managed Municipal Income Trust (NYSE:PMM) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,950 shares of the company’s stock after acquiring an additional 2,413 shares during the quarter. Quad Cities Investment Group LLC owned about 0.07% of Putnam Managed Municipal Income Trust worth $261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of Putnam Managed Municipal Income Trust by 4.0% in the 4th quarter. Van ECK Associates Corp now owns 186,324 shares of the company’s stock worth $1,252,000 after acquiring an additional 7,208 shares during the last quarter. Raymond James & Associates increased its position in shares of Putnam Managed Municipal Income Trust by 10.1% during the 4th quarter. Raymond James & Associates now owns 293,744 shares of the company’s stock worth $1,974,000 after purchasing an additional 26,837 shares during the last quarter. LPL Financial LLC increased its position 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 purchasing an additional 28,417 shares during the last quarter. National Asset Management Inc. increased its position in shares of Putnam Managed Municipal Income Trust by 124.3% during the 4th quarter. National Asset Management Inc. now owns 76,396 shares of the company’s stock worth $514,000 after purchasing an additional 42,333 shares during the last quarter. Finally, Hayden Royal LLC acquired a new stake in shares of Putnam Managed Municipal Income Trust during the 4th quarter worth about $110,000. 11.28% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:PMM traded up $0.01 during midday trading on Wednesday, reaching $7.52. 7,943 shares of the company’s stock were exchanged, compared to its average volume of 115,797. Putnam Managed Municipal Income Trust has a fifty-two week low of $6.54 and a fifty-two week high of $7.58.

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Putnam Managed Municipal Income Trust Company 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.

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

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