How To Buy Putnam Managed Municipal Income Closed Fund (PMM) Stock
How To Buy PMM
Putnam Managed Municipal Income Closed Fund (PMM) is a common stock listed on the NYSE exchange, which means you can buy the stock from most brokers. Follow the steps below to learn how to purchase shares of the stock.
Find a reliable broker.
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Fund your new account.
Search for PMM on the brokerage app or site.
When your funds are settled into your account, look for Putnam Managed Municipal Income Closed Fund on your broker by searching for the company name: Putnam Managed Municipal Income Closed Fund or the ticker symbol: PMM.
Buy the stock.
Once that you've found Putnam Managed Municipal Income Closed Fund on your broker, you can submit a purchase order to buy the stock for $6.62 a share (current price). Note that depending on when you decide to buy the stock, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares, depending on your broker.
Once your order is fulfilled, you've just bought your first shares of Putnam Managed Municipal Income Closed Fund. Congratulations!
When submitting your order, you may choose to buy shares of Putnam Managed Municipal Income Closed Fund at the market price with a market order or at a set price using a limit order.
- Market order: Buy the stock immediately at its current price.
- Limit order: Buy the stock only once it reaches your target price.
By default all purchases are considered market orders unless specified otherwise. Limit orders are great if you only want to buy shares of PMM if it reaches a certain price.
Should You Buy PMM Stock Now?
In the past week, the price per share of Putnam Managed Municipal Income Closed Fund has gone down ↓0.12 (-1.78%) while the daily volume has increased significantly. You should buy PMM now if you think the stock will recover soon, or wait until you think the stock is done dropping.
In the end no one nor metric can really tell you whether or not you should buy PMM today. You should be comfortable with the risk of the investment and buy only when you think the time is right.