NINE MASTS CAPITAL Ltd Has $271,000 Stock Holdings in Putnam Municipal Opportunities Trust (NYSE:PMO)

NINE MASTS CAPITAL Ltd lowered its stake in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 66.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,736 shares of the financial services provider's stock after selling 52,843 shares during the quarter. NINE MASTS CAPITAL Ltd owned about 0.08% of Putnam Municipal Opportunities Trust worth $271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC acquired a new position in Putnam Municipal Opportunities Trust in the third quarter valued at about $3,898,000. Hennion & Walsh Asset Management Inc. increased its stake in Putnam Municipal Opportunities Trust by 2,144.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 344,532 shares of the financial services provider's stock worth $3,490,000 after purchasing an additional 329,179 shares in the last quarter. Rivernorth Capital Management LLC raised its holdings in Putnam Municipal Opportunities Trust by 61.4% during the 3rd quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider's stock worth $1,959,000 after buying an additional 68,382 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Putnam Municipal Opportunities Trust by 129.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 94,408 shares of the financial services provider's stock valued at $956,000 after buying an additional 53,322 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted 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 buying an additional 34,104 shares during the period. 20.40% of the stock is currently owned by institutional investors.

Putnam Municipal Opportunities Trust Stock Performance

Shares of NYSE:PMO opened at $10.75 on Monday. Putnam Municipal Opportunities Trust has a 12 month low of $9.69 and a 12 month high of $10.96. The company's fifty day simple moving average is $10.39 and its 200 day simple moving average is $10.51.

Putnam Municipal Opportunities Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Monday, February 24th.

Putnam Municipal Opportunities Trust Profile

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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