Putnam Managed $PMM Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC cut its holdings in shares of Putnam Managed (NYSE:PMM) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,056 shares of the company’s stock after selling 4,000 shares during the period. Capital Investment Advisors LLC’s holdings in Putnam Managed were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PMM. Sit Investment Associates Inc. boosted its position in shares of Putnam Managed by 130.8% during the first quarter. Sit Investment Associates Inc. now owns 515,349 shares of the company’s stock worth $3,159,000 after buying an additional 292,037 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Putnam Managed during the first quarter worth approximately $1,587,000. Advisors Asset Management Inc. boosted its position 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 during the period. Invesco Ltd. boosted its position in shares of Putnam Managed by 71.3% during the first quarter. Invesco Ltd. now owns 168,686 shares of the company’s stock worth $1,034,000 after buying an additional 70,191 shares during the period. Finally, Advisor Resource Council acquired a new position in shares of Putnam Managed during the first quarter worth approximately $406,000. 13.54% of the stock is currently owned by institutional investors and hedge funds.

Putnam Managed Trading Down 0.6%

Shares of NYSE PMM opened at $6.11 on Friday. The stock has a 50 day simple moving average of $5.95 and a 200-day simple moving average of $5.94. Putnam Managed has a 12-month low of $5.66 and a 12-month high of $6.53.

Putnam Managed Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a $0.0265 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, October 17th.

Putnam Managed 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.