PMM Crosses Above Key Moving Average Level

In trading on Wednesday, shares of Putnam Managed Municipal Income Trust (PMM) crossed above their 200 day moving average of $7.21, changing hands as high as $7.22 per share. Putnam Managed Municipal Income Trust shares are currently trading up about 0.6% on the day. The chart below shows the one year performance of PMM shares, versus its 200 day moving average:

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Putnam Managed Municipal Income Trust 200 Day Moving Average Chart

Looking at the chart above, PMM's low point in its 52 week range is $6.88 per share, with $7.47 as the 52 week high point — that compares with a last trade of $7.22.

According to the ETF Finder at ETF Channel, PMM makes up 1.23% of the CEF Municipal Income ETF ( XMPT) which is trading higher by about 0.5% on the day Wednesday.

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