Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report)'s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.64 and traded as low as $10.31. Putnam Municipal Opportunities Trust shares last traded at $10.36, with a volume of 75,465 shares changing hands.
Putnam Municipal Opportunities Trust Price Performance
The company has a 50-day moving average price of $10.64 and a two-hundred day moving average price of $10.35.
Putnam Municipal Opportunities Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be paid a $0.035 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.42 dividend on an annualized basis and a yield of 4.02%.
Institutional Trading of Putnam Municipal Opportunities Trust
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC purchased a new stake in Putnam Municipal Opportunities Trust in the second quarter worth $62,000. Avior Wealth Management LLC boosted its stake in shares of 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 in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Putnam Municipal Opportunities Trust during the third quarter valued at about $134,000. International Assets Investment Management LLC raised its stake in Putnam Municipal Opportunities Trust by 1,000.7% in the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider's stock worth $141,000 after buying an additional 11,768 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new stake in Putnam Municipal Opportunities Trust in the first quarter worth about $155,000. Institutional investors own 20.40% of the company's stock.
About Putnam Municipal Opportunities Trust
(
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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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