Van ECK Associates Corp Has $2.42 Million Holdings in Putnam Municipal Opportunities Trust (NYSE:PMO)

Van ECK Associates Corp raised its holdings in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,283 shares of the financial services provider’s stock after buying an additional 31,682 shares during the quarter. Van ECK Associates Corp’s holdings in Putnam Municipal Opportunities Trust were worth $2,417,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Robinson Capital Management LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the third quarter worth approximately $5,688,000. UBS Group AG increased its position in shares of Putnam Municipal Opportunities Trust by 5.1% during the third quarter. UBS Group AG now owns 230,595 shares of the financial services provider’s stock valued at $2,121,000 after purchasing an additional 11,251 shares during the period. Raymond James & Associates increased its position in shares of Putnam Municipal Opportunities Trust by 31.8% during the fourth quarter. Raymond James & Associates now owns 215,399 shares of the financial services provider’s stock valued at $2,204,000 after purchasing an additional 51,948 shares during the period. Advisors Asset Management Inc. increased its position in shares of Putnam Municipal Opportunities Trust by 47.6% during the third quarter. Advisors Asset Management Inc. now owns 148,067 shares of the financial services provider’s stock valued at $1,362,000 after purchasing an additional 47,771 shares during the period. Finally, Wolverine Asset Management LLC increased its position in shares of Putnam Municipal Opportunities Trust by 51.6% during the third quarter. Wolverine Asset Management LLC now owns 55,183 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 18,784 shares during the period. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Stock Performance

PMO opened at $9.92 on Wednesday. Putnam Municipal Opportunities Trust has a 1 year low of $8.57 and a 1 year high of $10.57. The stock’s 50 day simple moving average is $10.00 and its 200-day simple moving average is $10.03.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be given a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, May 23rd.

Putnam Municipal Opportunities Trust Company Profile

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.