Jane Street Group LLC Purchases Shares of 31,441 Putnam Municipal Opportunities Trust (NYSE:PMO)

Jane Street Group LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,441 shares of the financial services provider’s stock, valued at approximately $318,000. Jane Street Group LLC owned about 0.10% of Putnam Municipal Opportunities Trust at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the fourth quarter valued at approximately $140,000. Generation Capital Management LLC purchased a new position in Putnam Municipal Opportunities Trust during the 4th quarter valued at $232,000. HighTower Advisors LLC increased its holdings in Putnam Municipal Opportunities Trust by 26.9% during the 4th quarter. HighTower Advisors LLC now owns 31,845 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 6,750 shares during the period. Stifel Financial Corp boosted its position in Putnam Municipal Opportunities Trust by 3.1% during the 4th quarter. Stifel Financial Corp now owns 36,713 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 1,112 shares in the last quarter. Finally, Smith Moore & CO. raised its stake in shares of Putnam Municipal Opportunities Trust by 17.1% during the 4th quarter. Smith Moore & CO. now owns 77,712 shares of the financial services provider’s stock worth $787,000 after acquiring an additional 11,376 shares in the last quarter. 20.40% of the stock is owned by institutional investors.

Putnam Municipal Opportunities Trust Stock Performance

Shares of PMO stock opened at $9.80 on Tuesday. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.34 and a fifty-two week high of $10.96. The stock’s 50-day simple moving average is $9.87 and its 200-day simple moving average is $10.23.

Putnam Municipal Opportunities Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.0393 dividend. This is a boost from Putnam Municipal Opportunities Trust’s previous monthly dividend of $0.04. The ex-dividend date was Monday, May 19th. This represents a $0.47 dividend on an annualized basis and a yield of 4.81%.

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.