Stifel Financial Corp Acquires New Position in Putnam Managed Municipal Income Trust (PMM)

Stifel Financial Corp acquired a new stake in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,971 shares of the company’s stock, valued at approximately $208,000. Stifel Financial Corp owned approximately 0.06% of Putnam Managed Municipal Income Trust at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new stake in Putnam Managed Municipal Income Trust during the fourth quarter valued at about $28,000. Hayden Royal LLC purchased a new stake in Putnam Managed Municipal Income Trust during the fourth quarter valued at about $110,000. Questar Asset Management Inc. purchased a new stake in Putnam Managed Municipal Income Trust during the fourth quarter valued at about $121,000. Commonwealth Equity Services LLC lifted its stake in Putnam Managed Municipal Income Trust by 18.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 44,309 shares of the company’s stock valued at $297,000 after buying an additional 6,792 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Putnam Managed Municipal Income Trust by 3.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 51,157 shares of the company’s stock valued at $344,000 after buying an additional 1,490 shares in the last quarter. 11.28% of the stock is owned by institutional investors.

PMM stock opened at $7.42 on Friday. Putnam Managed Municipal Income Trust has a one year low of $6.54 and a one year high of $7.58.

TRADEMARK VIOLATION WARNING: This news story was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/stifel-financial-corp-acquires-new-position-in-putnam-managed-municipal-income-trust-pmm.html.

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.

See Also: How To Calculate Debt-to-Equity Ratio

Want to see what other hedge funds are holding PMM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Putnam Managed Municipal Income Trust (NYSE:PMM).

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

Receive News & Ratings for Putnam Managed Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Managed Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.