Hennion & Walsh Asset Management Inc. Acquires 329,179 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Hennion & Walsh Asset Management Inc. grew its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 2,144.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 344,532 shares of the financial services provider's stock after buying an additional 329,179 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 1.08% of Putnam Municipal Opportunities Trust worth $3,490,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Capital Management Inc. raised its holdings in shares of Putnam Municipal Opportunities Trust by 10.5% in the 4th quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider's stock worth $206,000 after purchasing an additional 1,932 shares in the last quarter. Avior Wealth Management LLC increased its position in shares of Putnam Municipal Opportunities Trust by 23.1% in 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 in the last quarter. Moors & Cabot Inc. increased its position in shares of Putnam Municipal Opportunities Trust by 18.2% in the third quarter. Moors & Cabot Inc. now owns 16,853 shares of the financial services provider's stock worth $184,000 after acquiring an additional 2,600 shares in the last quarter. Stifel Financial Corp increased its position in shares of Putnam Municipal Opportunities Trust by 9.3% in the third quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider's stock worth $388,000 after acquiring an additional 3,040 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Putnam Municipal Opportunities Trust by 4.3% in the third quarter. Rockefeller Capital Management L.P. now owns 139,457 shares of the financial services provider's stock worth $1,520,000 after acquiring an additional 5,697 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors.

Putnam Municipal Opportunities Trust Stock Performance

Shares of Putnam Municipal Opportunities Trust stock traded up $0.03 during trading on Friday, hitting $10.33. The stock had a trading volume of 70,362 shares, compared to its average volume of 97,015. The stock has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $10.47. Putnam Municipal Opportunities Trust has a 1 year low of $9.69 and a 1 year high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Friday, January 24th.

Putnam Municipal Opportunities Trust Company 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.