PMM Price Forecast & CEF Analysis. Distribution · NAV · Discount · Expense Ratio · RSI · MACD | US Stocks Today
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🏛️ A closed-end fund (CEF) managed by a Franklin Templeton affiliate, this product aims to provide federal income tax-exempt income by investing in relatively low-credit-rated municipal bonds and pays out monthly distributions.
It runs 31% of assets on borrowed money.
Borrowing to buy more lifts gains and deepens losses. This is not the same as an ETF tracking 3x a day.
Against the value of what the fund holds it is 2.2% cheaper.
Its holdings are worth $6.49 per share, but it trades at $6.35. Over the past year it usually traded 6.3% below value, so it is pricier now.
Over the past 1 year, on the higher side
1% below its 1-year high.
Traded about as much as usual. That is 96% of its average volume.
Ex-dividend date: November 20
13 days to go. Buy before this date to receive the dividend.
Holding long would have lost money
Bought 5 years ago, your return today would be -21.7%. The S&P 500 did +57% over the same period.
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Dividends are paid consistently
Pays 5.29% annually in dividends.
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Ownership is about average
Institutions hold 23.5%.
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Multiple ETFs hold this stock, but only a sliver
Buying this ETF gives you exposure to this stock as well.
It ranks #933 of 1436 in the industry
Based on market cap of $281M.
FAQ
What kind of CEF is PMM?
PMM is a closed-end fund (CEF).
What is the distribution yield of PMM?
PMM's distribution yield is approximately 5.29%, paid out on a regular basis.
What is the 52-week high and low for PMM?
PMM has recorded a 52-week high of $6.60 and a low of $5.39.