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 Form 13F filing with the Securities and Exchange Commission. The fund owned 179,697 shares of the financial services provider's stock after purchasing an additional 68,382 shares during the quarter. Rivernorth Capital Management LLC owned 0.56% of Putnam Municipal Opportunities Trust worth $1,959,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in PMO. Pathstone Holdings LLC acquired a new stake in Putnam Municipal Opportunities Trust in the third quarter worth about $3,898,000. Van ECK Associates Corp boosted its holdings in Putnam Municipal Opportunities Trust by 13.9% in the second quarter. Van ECK Associates Corp now owns 231,553 shares of the financial services provider's stock worth $2,376,000 after acquiring an additional 28,181 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Putnam Municipal Opportunities Trust in the second quarter worth about $2,000,000. Rockefeller Capital Management L.P. boosted its holdings in 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. Finally, Logan Stone Capital LLC boosted its holdings in Putnam Municipal Opportunities Trust by 19.8% in the second quarter. Logan Stone Capital LLC now owns 80,343 shares of the financial services provider's stock worth $824,000 after acquiring an additional 13,267 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors.
Putnam Municipal Opportunities Trust Stock Down 0.6 %
Shares of PMO stock traded down $0.06 during trading hours on Thursday, hitting $10.65. The company's stock had a trading volume of 55,210 shares, compared to its average volume of 92,931. Putnam Municipal Opportunities Trust has a 12-month low of $9.69 and a 12-month high of $10.96. The company has a 50 day moving average of $10.60 and a 200 day moving average of $10.43.
Putnam Municipal Opportunities Trust Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd were given a $0.035 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.42 annualized dividend and a yield of 3.94%.
Putnam Municipal Opportunities Trust Company Profile
(
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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