Putnam Managed (NYSE:PMM) Stock Price Up 2.1% – Here’s What Happened

Posted by George Bondi on Oct 2nd, 2026

Putnam Managed (NYSE:PMM – Get Free Report)’s share price shot up 2.1% on Thursday. The stock traded as high as $5.60 and last traded at $5.5550. Approximately 308,001 shares traded hands during trading, an increase of 84% from the average session volume of 167,690 shares. The stock had previously closed at $5.44.

Putnam Managed Price Performance

The stock’s 50 day moving average is $6.08 and its two-hundred day moving average is $6.21.

Putnam Managed Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.0330 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, November 20th.

Hedge Funds Weigh In On Putnam Managed

A number of hedge funds have recently modified their holdings of the stock. Robinson Capital Management LLC boosted its stake in Putnam Managed by 34.4% in the 2nd quarter. Robinson Capital Management LLC now owns 423,151 shares of the company’s stock valued at $2,767,000 after buying an additional 108,212 shares in the last quarter. Van ECK Associates Corp raised its stake in Putnam Managed by 10.5% during the second quarter. Van ECK Associates Corp now owns 399,438 shares of the company’s stock worth $2,612,000 after acquiring an additional 38,113 shares in the last quarter. Royal Bank of Canada raised its stake in Putnam Managed by 18.9% during the first quarter. Royal Bank of Canada now owns 109,662 shares of the company’s stock worth $674,000 after acquiring an additional 17,468 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Putnam Managed by 11.7% during the second quarter. Susquehanna International Group LLP now owns 46,558 shares of the company’s stock valued at $304,000 after acquiring an additional 4,875 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Putnam Managed by 7.7% during the second quarter. Allworth Financial LP now owns 42,197 shares of the company’s stock valued at $276,000 after acquiring an additional 3,000 shares during the period. 13.54% of the stock is owned by institutional investors and hedge funds.

Putnam Managed Company Profile

(Get Free Report)

Putnam Managed is the common name used for Putnam Managed Municipal Income Trust (NYSE: PMM), a closed-end investment company managed by Putnam Investment Management. The fund seeks to provide current income that is generally exempt from federal income tax by investing primarily in municipal securities.

The portfolio may include bonds issued by states, cities, counties, public authorities and other governmental entities across the United States. These securities typically finance public projects and services such as education, transportation, utilities, health care and other infrastructure.