Advisors Asset Management Inc. lowered its position in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) by 23.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 561,235 shares of the company’s stock after selling 172,846 shares during the period. Advisors Asset Management Inc. owned approximately 1.04% of Putnam Managed Municipal Income Trust worth $4,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Putnam Managed Municipal Income Trust by 14.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 110,276 shares of the company’s stock worth $834,000 after buying an additional 13,539 shares during the last quarter. Hedge funds and other institutional investors own 9.72% of the company’s stock.

Shares of Putnam Managed Municipal Income Trust (PMM) opened at $7.56 on Wednesday. Putnam Managed Municipal Income Trust has a 1-year low of $6.97 and a 1-year high of $7.72.

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Putnam Managed Municipal Income Trust Profile

Putnam Managed Municipal Income Trust (the Fund) is a diversified closed-end management investment fund. The Fund focuses to seek a high level of current income exempt from federal income tax. The Fund invests in a diversified portfolio of tax-exempt municipal securities. Up to 60% of the Fund’s assets may consist of high-yield tax-exempt municipal securities that are below investment grade and involve special risk considerations.

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

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