Landscape Capital Management L.L.C. reduced its position in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 61.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 43,792 shares of the financial services provider's stock after selling 69,074 shares during the period. Landscape Capital Management L.L.C. owned 0.14% of Putnam Municipal Opportunities Trust worth $477,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathstone Holdings LLC acquired a new stake in Putnam Municipal Opportunities Trust during the 3rd quarter worth approximately $3,898,000. Van ECK Associates Corp boosted its stake in Putnam Municipal Opportunities Trust by 13.9% in the 2nd quarter. Van ECK Associates Corp now owns 231,553 shares of the financial services provider's stock worth $2,376,000 after purchasing an additional 28,181 shares during the period. Rothschild Investment LLC bought a new position in Putnam Municipal Opportunities Trust during the 2nd quarter worth about $2,000,000. Logan Stone Capital LLC raised its stake in shares of Putnam Municipal Opportunities Trust by 19.8% in the 2nd quarter. Logan Stone Capital LLC now owns 80,343 shares of the financial services provider's stock valued at $824,000 after purchasing an additional 13,267 shares during the period. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Putnam Municipal Opportunities Trust by 116.1% in the third quarter. Wolverine Asset Management LLC now owns 63,488 shares of the financial services provider's stock valued at $692,000 after purchasing an additional 34,104 shares in the last quarter. 20.40% of the stock is owned by institutional investors.
Putnam Municipal Opportunities Trust Price Performance
Shares of PMO remained flat at $10.36 during trading hours on Friday. 77,747 shares of the stock traded hands, compared to its average volume of 101,567. The stock has a 50 day moving average price of $10.62 and a two-hundred day moving average price of $10.40. Putnam Municipal Opportunities Trust has a 52 week low of $9.69 and a 52 week high of $10.96.
Putnam Municipal Opportunities Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be given a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, November 22nd.
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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