Shares of Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.46 and traded as low as $10.25. Putnam Municipal Opportunities Trust shares last traded at $10.27, with a volume of 99,951 shares traded.
Putnam Municipal Opportunities Trust Price Performance
The business has a 50-day moving average of $10.47 and a 200 day moving average of $10.50.
Putnam Municipal Opportunities Trust Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 4.08%. The ex-dividend date is Monday, March 17th.
Hedge Funds Weigh In On Putnam Municipal Opportunities Trust
Institutional investors and hedge funds have recently made changes to their positions in the business. Pathstone Holdings LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at about $3,898,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Putnam Municipal Opportunities Trust by 2,144.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 344,532 shares of the financial services provider's stock valued at $3,490,000 after purchasing an additional 329,179 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Putnam Municipal Opportunities Trust by 92.2% in the 4th quarter. Advisors Asset Management Inc. now owns 291,314 shares of the financial services provider's stock worth $2,951,000 after purchasing an additional 139,739 shares during the period. 1607 Capital Partners LLC increased its position in shares of Putnam Municipal Opportunities Trust by 54.1% during the 4th quarter. 1607 Capital Partners LLC now owns 362,681 shares of the financial services provider's stock valued at $3,674,000 after purchasing an additional 127,300 shares during the last quarter. Finally, Intellus Advisors LLC purchased a new stake in Putnam Municipal Opportunities Trust during the 4th quarter valued at $1,286,000. 20.40% of the stock is owned by hedge funds and other institutional investors.
About Putnam Municipal Opportunities Trust
(
Get 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.
Further Reading
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