Allspring Global Investments Holdings LLC lifted its stake in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 129.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,408 shares of the financial services provider's stock after purchasing an additional 53,322 shares during the period. Allspring Global Investments Holdings LLC owned about 0.30% of Putnam Municipal Opportunities Trust worth $956,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in Putnam Municipal Opportunities Trust in the third quarter worth approximately $119,000. Avior Wealth Management LLC increased its position in Putnam Municipal Opportunities Trust by 23.1% during the 3rd quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider's stock valued at $130,000 after purchasing an additional 2,238 shares during the period. Fortitude Family Office LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at about $134,000. International Assets Investment Management LLC lifted its position in shares of Putnam Municipal Opportunities Trust by 1,000.7% in the 3rd quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider's stock worth $141,000 after purchasing an additional 11,768 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Putnam Municipal Opportunities Trust during the third quarter valued at approximately $167,000. Hedge funds and other institutional investors own 20.40% of the company's stock.
Putnam Municipal Opportunities Trust Stock Performance
NYSE:PMO traded down $0.04 during trading hours on Thursday, reaching $10.69. The company's stock had a trading volume of 35,458 shares, compared to its average volume of 80,673. Putnam Municipal Opportunities Trust has a 12 month low of $9.69 and a 12 month high of $10.96. The stock has a 50 day moving average price of $10.37 and a two-hundred day moving average price of $10.51.
Putnam Municipal Opportunities Trust Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.42 annualized dividend and a dividend yield of 3.93%.
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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