Putnam Managed Municipal Income Trust (NYSE:PMM) 2018 Q2 Sentiment

Sentiment for Putnam Managed Municipal Income Trust (NYSE:PMM)

Putnam Managed Municipal Income Trust (NYSE:PMM) institutional sentiment decreased to 0.77 in 2018 Q2. Its down -0.52, from 1.29 in 2018Q1. The ratio turned negative, as 17 institutional investors increased and started new holdings, while 22 reduced and sold their positions in Putnam Managed Municipal Income Trust. The institutional investors in our partner’s database now possess: 5.86 million shares, down from 6.58 million shares in 2018Q1. Also, the number of institutional investors holding Putnam Managed Municipal Income Trust in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 7 Reduced: 15 Increased: 11 New Position: 6.

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. The company has market cap of $374.77 million. It is co-managed by Putnam Investments Limited. It has a 22.12 P/E ratio. The fund invests in the fixed income markets of the United States.

The stock increased 0.29% or $0.02 during the last trading session, reaching $6.99. About 124,448 shares traded or 7.93% up from the average. Putnam Managed Municipal Income Trust (NYSE:PMM) has declined 7.97% since December 8, 2017 and is downtrending. It has underperformed by 23.59% the S&P500.

Robinson Capital Management Llc holds 2.4% of its portfolio in Putnam Managed Municipal Income Trust for 1.17 million shares. Goodwin Daniel L owns 101,112 shares or 0.33% of their US portfolio. Moreover, Twin Focus Capital Partners Llc has 0.22% invested in the company for 61,893 shares. The Washington-based Tradewinds Capital Management Llc has invested 0.15% in the stock. Macroview Investment Management Llc, a Maryland-based fund reported 4,242 shares.

More notable recent Putnam Managed Municipal Income Trust (NYSE:PMM) news were published by: Businesswire.com which released: “Philip Morris International Inc. (“PMI”) to Acquire Remaining 20% Interest in Its Mexican Subsidiary – Business Wire” on May 21, 2013, also Zacks.com with their article: “Infineon (IFNNY) Q2 Earnings Miss, Revenues Beat Estimates – Zacks.com” published on August 03, 2018, Seekingalpha.com published: “Weekly Municipal Bond CEF Trades – Seeking Alpha” on May 30, 2018. More interesting news about Putnam Managed Municipal Income Trust (NYSE:PMM) were released by: Seekingalpha.com and their article: “The Liquidity Premium – Seeking Alpha” published on August 02, 2017 as well as Theglobeandmail.com‘s news article titled: “Why this product is generating so much buzz in the mutual fund industry – The Globe and Mail” with publication date: November 03, 2017.

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