Putnam Municipal Opportunities Trust (NYSE:PMO – Get Rating) declared a monthly dividend on Tuesday, March 29th, Wall Street Journal reports. Investors of record on Friday, April 22nd will be given a dividend of 0.0531 per share by the financial services provider on Monday, May 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Thursday, April 21st.
NYSE:PMO opened at $11.02 on Tuesday. The company has a fifty day moving average of $11.92. Putnam Municipal Opportunities Trust has a 12-month low of $10.98 and a 12-month high of $15.00.
A number of large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new position in Putnam Municipal Opportunities Trust in the fourth quarter valued at $484,000. LPL Financial LLC lifted its holdings in Putnam Municipal Opportunities Trust by 31.5% during the 4th quarter. LPL Financial LLC now owns 28,875 shares of the financial services provider’s stock worth $416,000 after buying an additional 6,909 shares during the last quarter. Invesco Ltd. lifted its holdings in Putnam Municipal Opportunities Trust by 4.9% during the 4th quarter. Invesco Ltd. now owns 262,104 shares of the financial services provider’s stock worth $3,774,000 after buying an additional 12,293 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Putnam Municipal Opportunities Trust by 1.1% during the 3rd quarter. Morgan Stanley now owns 202,439 shares of the financial services provider’s stock worth $2,773,000 after buying an additional 2,174 shares during the last quarter. Hedge funds and other institutional investors own 18.91% of the company’s stock.
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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