Meridian Wealth Management LLC acquired a new stake in Putnam Managed (NYSE:PMM – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,291 shares of the company’s stock, valued at approximately $85,000.
A number of other large investors have also modified their holdings of PMM. Wedbush Securities Inc. raised its position in shares of Putnam Managed by 23.8% in the second quarter. Wedbush Securities Inc. now owns 15,372 shares of the company’s stock valued at $92,000 after buying an additional 2,960 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new stake in Putnam Managed in the 2nd quarter valued at about $42,000. NewEdge Advisors LLC lifted its stake in Putnam Managed by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 34,381 shares of the company’s stock worth $211,000 after purchasing an additional 10,014 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Putnam Managed during the 2nd quarter worth approximately $72,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Putnam Managed during the 2nd quarter worth approximately $104,000. Hedge funds and other institutional investors own 13.54% of the company’s stock.
Putnam Managed Stock Up 0.2%
NYSE:PMM opened at $6.11 on Wednesday. Putnam Managed has a one year low of $5.66 and a one year high of $6.46. The stock has a 50 day moving average price of $6.11 and a 200 day moving average price of $5.97.
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.
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