Pathstone Holdings LLC purchased a new position in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 357,624 shares of the financial services provider's stock, valued at approximately $3,898,000. Pathstone Holdings LLC owned approximately 1.12% of Putnam Municipal Opportunities Trust at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust in the 2nd quarter worth $2,000,000. Allspring Global Investments Holdings LLC acquired a new position in Putnam Municipal Opportunities Trust during the 2nd quarter valued at approximately $422,000. Wolverine Asset Management LLC raised 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 worth $692,000 after buying an additional 34,104 shares during the last quarter. Cyndeo Wealth Partners LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the third quarter valued at $357,000. Finally, Van ECK Associates Corp increased its position in shares of 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 valued at $2,376,000 after acquiring an additional 28,181 shares during the period. 20.40% of the stock is currently owned by hedge funds and other institutional investors.
Putnam Municipal Opportunities Trust Price Performance
Shares of NYSE:PMO remained flat at $10.36 during trading on Friday. The stock had a trading volume of 77,747 shares, compared to its average volume of 101,567. Putnam Municipal Opportunities Trust has a 1 year low of $9.69 and a 1 year high of $10.96. The business's 50-day moving average price is $10.62 and its 200-day moving average price is $10.40.
Putnam Municipal Opportunities Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.42 dividend on an annualized basis and a yield of 4.05%.
Putnam Municipal Opportunities Trust Company Profile
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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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