149,801 Shares in Putnam Managed Municipal Income Trust (NYSE:PMM) Purchased by Joseph P. Lucia & Associates LLC

Joseph P. Lucia & Associates LLC purchased a new position in shares of Putnam Managed Municipal Income Trust (NYSE:PMM) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 149,801 shares of the company’s stock, valued at approximately $20,162,000. Putnam Managed Municipal Income Trust comprises about 1.5% of Joseph P. Lucia & Associates LLC’s investment portfolio, making the stock its 22nd biggest position. Joseph P. Lucia & Associates LLC owned about 0.28% of Putnam Managed Municipal Income Trust at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CWM LLC bought a new position in shares of Putnam Managed Municipal Income Trust during the 1st quarter worth approximately $30,000. Capital Investment Advisory Services LLC bought a new position in shares of Putnam Managed Municipal Income Trust during the 4th quarter worth approximately $28,000. Janney Montgomery Scott LLC bought a new position in shares of Putnam Managed Municipal Income Trust during the 1st quarter worth approximately $96,000. Hayden Royal LLC bought a new position in shares of Putnam Managed Municipal Income Trust during the 4th quarter worth approximately $110,000. Finally, Questar Asset Management Inc. bought a new position in shares of Putnam Managed Municipal Income Trust during the 4th quarter worth approximately $121,000. 11.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE PMM traded down $0.06 during midday trading on Wednesday, hitting $7.49. 91,400 shares of the company’s stock were exchanged, compared to its average volume of 107,680. Putnam Managed Municipal Income Trust has a 12 month low of $6.54 and a 12 month high of $7.59.

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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.

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

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