America Corp /De/ Bank trades shares of PMM, a fund paying a 4.72% annual dividend in municipal bonds.

Major shareholder America Corp /De/ Bank has been actively trading shares of Putnam Managed Municipal Income Trust (PMM), selling and buying shares in recent months. PMM recently declared a monthly dividend of $0.0238, yielding 4.72% annually. The stock is popular among institutional investors, with several firms increasing their stakes significantly in the last quarter. PMM invests in a diversified portfolio of tax-exempt municipal securities, including high-yield ones.

3 months ago
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