Rivernorth Capital Management LLC raised its holdings in shares of Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 61.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,697 shares of the financial services provider's stock after buying an additional 68,382 shares during the period. Rivernorth Capital Management LLC owned about 0.56% of Putnam Municipal Opportunities Trust worth $1,959,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Blue Bell Private Wealth Management LLC bought a new stake in shares of Putnam Municipal Opportunities Trust during the 2nd quarter valued at about $62,000. Integrated Wealth Concepts LLC purchased a new stake in Putnam Municipal Opportunities Trust during the third quarter valued at $119,000. Avior Wealth Management LLC increased its position 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 during the last quarter. Fortitude Family Office LLC purchased a new stake in Putnam Municipal Opportunities Trust in the 3rd quarter worth about $134,000. Finally, International Assets Investment Management LLC lifted its position in shares of Putnam Municipal Opportunities Trust by 1,000.7% during the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider's stock worth $141,000 after purchasing an additional 11,768 shares during the last quarter. 20.40% of the stock is owned by hedge funds and other institutional investors.
Putnam Municipal Opportunities Trust Stock Down 1.1 %
Putnam Municipal Opportunities Trust stock traded down $0.12 during mid-day trading on Friday, reaching $10.50. 83,843 shares of the company were exchanged, compared to its average volume of 94,022. The business has a fifty day moving average of $10.57 and a 200 day moving average of $10.45. Putnam Municipal Opportunities Trust has a 12-month low of $9.69 and a 12-month high of $10.96.
Putnam Municipal Opportunities Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 23rd will be given a $0.035 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.42 annualized dividend and a dividend yield of 4.00%.
About Putnam Municipal Opportunities Trust
(
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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