What does PMM do?
Putnam Managed Municipal Income Trust is a US-based company operating in industry. The company is headquartered in Boston, Massachusetts. Putnam Managed Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund’s objective is to seek a high level of current income exempt from federal income tax. The Fund intends to achieve its objective by investing in a diversified portfolio of tax-exempt municipal securities, which it believes does not involve undue risk to income or principal. Up to 60% of its assets may consist of high-yield tax-exempt municipal securities that are below investment grade and involve special risk considerations. The company also uses leverage, primarily by issuing preferred shares in an effort to enhance the returns for the common shareholders. The Fund’s shares trade on a stock exchange at market prices, which may be lower than its net asset value. The company invests across various sectors, such as healthcare, education, and land. The Fund’s investment manager is Putnam Investment Management, LLC.
What is the stock price of PUTNAM MGD MUNI INC TR today?
The current stock price of PMM is 6.09 USD. The price increased by 0.25% in the last trading session.
How is the ChartMill rating for PUTNAM MGD MUNI INC TR?
PMM has a ChartMill Technical rating of 5 out of 10 and a ChartMill Fundamental rating of 2 out of 10.