Putnam Managed (PMM) To Go Ex-Dividend on December 15th

Putnam Managed (NYSE:PMM) announced a quarterly dividend on Thursday, November 20th. Stockholders of record on Monday, December 15th will be given a dividend of 0.0265 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 15th.

Putnam Managed Price Performance

Shares of PMM opened at $6.09 on Friday. Putnam Managed has a 1-year low of $5.66 and a 1-year high of $6.46. The firm has a 50 day simple moving average of $6.11 and a 200-day simple moving average of $5.97.

Institutional Trading of Putnam Managed

Several institutional investors and hedge funds have recently made changes to their positions in PMM. Invesco Ltd. increased its position in Putnam Managed by 71.3% during the 1st quarter. Invesco Ltd. now owns 168,686 shares of the company’s stock worth $1,034,000 after purchasing an additional 70,191 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in shares of Putnam Managed by 130.8% during the 1st quarter. Sit Investment Associates Inc. now owns 515,349 shares of the company’s stock worth $3,159,000 after purchasing an additional 292,037 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Putnam Managed by 9.8% during the first quarter. Advisors Asset Management Inc. now owns 875,831 shares of the company’s stock worth $5,369,000 after buying an additional 78,366 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Putnam Managed by 41.1% during the first quarter. NewEdge Advisors LLC now owns 34,381 shares of the company’s stock worth $211,000 after buying an additional 10,014 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Putnam Managed in the second quarter valued at approximately $183,000. 13.54% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Managed 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.