Putnam Managed (NYSE:PMM) Shares Up 1.6% – What’s Next?

Posted by Geri Gentry on Oct 23rd, 2026

Putnam Managed (NYSE:PMM – Get Free Report)’s stock price rose 1.6% during trading on Thursday. The company traded as high as $6.04 and last traded at $6.0350. 130,721 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 230,543 shares. The stock had previously closed at $5.94.

Putnam Managed Stock Up 1.6%

The business’s 50 day simple moving average is $5.93 and its 200 day simple moving average is $6.17.

Putnam Managed Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a $0.0330 dividend. The ex-dividend date is Friday, November 20th. This represents a $0.40 annualized dividend and a yield of 6.6%.

Institutional Investors Weigh In On Putnam Managed

Large investors have recently added to or reduced their stakes in the stock. Robinson Capital Management LLC raised its position in Putnam Managed by 34.4% during the second quarter. Robinson Capital Management LLC now owns 423,151 shares of the company’s stock valued at $2,767,000 after purchasing an additional 108,212 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Putnam Managed by 10.5% in the 2nd quarter. Van ECK Associates Corp now owns 399,438 shares of the company’s stock worth $2,612,000 after purchasing an additional 38,113 shares during the period. Royal Bank of Canada boosted its holdings in shares of Putnam Managed by 18.9% in the 1st quarter. Royal Bank of Canada now owns 109,662 shares of the company’s stock worth $674,000 after purchasing an additional 17,468 shares during the period. Susquehanna International Group LLP boosted its holdings in shares of Putnam Managed by 11.7% in the 2nd quarter. Susquehanna International Group LLP now owns 46,558 shares of the company’s stock worth $304,000 after purchasing an additional 4,875 shares during the period. Finally, Allworth Financial LP increased its position in shares of Putnam Managed by 7.7% during the 2nd quarter. Allworth Financial LP now owns 42,197 shares of the company’s stock valued at $276,000 after purchasing an additional 3,000 shares during the last quarter. 13.54% of the stock is owned by institutional investors.

Putnam Managed Company Profile

(Get Free Report)

Putnam Managed Municipal Income Trust (NYSE: PMM) is a closed-end investment company that seeks to provide high current income that is exempt from federal income tax. The fund invests primarily in a diversified portfolio of municipal securities issued by states, municipalities and other governmental entities.

Its portfolio may include general obligation bonds, revenue bonds and other tax-exempt fixed-income securities. The underlying issuers generally use proceeds from these securities to finance public infrastructure and services, such as schools, transportation systems, utilities and health care facilities.