Intellus Advisors LLC bought a new stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 126,931 shares of the financial services provider's stock, valued at approximately $1,286,000. Intellus Advisors LLC owned approximately 0.40% of Putnam Municipal Opportunities Trust at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of PMO. Integrated Wealth Concepts LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the third quarter worth $119,000. Avior Wealth Management LLC grew its position in shares of Putnam Municipal Opportunities Trust by 23.1% during the third quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider's stock worth $130,000 after acquiring an additional 2,238 shares during the last quarter. Noble Wealth Management PBC acquired a new position in Putnam Municipal Opportunities Trust during the 4th quarter valued at about $140,000. Moors & Cabot Inc. raised its holdings in shares of Putnam Municipal Opportunities Trust by 18.2% during the third quarter. Moors & Cabot Inc. now owns 16,853 shares of the financial services provider's stock valued at $184,000 after buying an additional 2,600 shares during the last quarter. Finally, Integrated Capital Management Inc. boosted its position in Putnam Municipal Opportunities Trust by 10.5% during the 4th quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider's stock worth $206,000 after acquiring an additional 1,932 shares during the period. Institutional investors and hedge funds own 20.40% of the company's stock.
Putnam Municipal Opportunities Trust Price Performance
Shares of NYSE PMO traded down $0.06 during mid-day trading on Wednesday, reaching $10.21. 60,889 shares of the company traded hands, compared to its average volume of 93,267. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.69 and a fifty-two week high of $10.96. The stock has a fifty day simple moving average of $10.49 and a 200-day simple moving average of $10.50.
Putnam Municipal Opportunities Trust Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Monday, March 17th.
About Putnam Municipal Opportunities Trust
(
Free Report)
Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.
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