Citadel Advisors LLC Purchases 1,059 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Citadel Advisors LLC boosted its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,176 shares of the financial services provider’s stock after purchasing an additional 1,059 shares during the quarter. Citadel Advisors LLC’s holdings in Putnam Municipal Opportunities Trust were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $318,000. Stifel Financial Corp boosted its stake in Putnam Municipal Opportunities Trust by 3.1% in the fourth 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 during the last quarter. Generation Capital Management LLC bought a new position in Putnam Municipal Opportunities Trust in the fourth quarter valued at approximately $232,000. 1607 Capital Partners LLC grew its holdings in Putnam Municipal Opportunities Trust by 54.1% during the 4th quarter. 1607 Capital Partners LLC now owns 362,681 shares of the financial services provider’s stock worth $3,674,000 after acquiring an additional 127,300 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of Putnam Municipal Opportunities Trust by 11.9% during the 4th quarter. Guggenheim Capital LLC now owns 368,040 shares of the financial services provider’s stock valued at $3,728,000 after acquiring an additional 39,272 shares during the last quarter. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Price Performance

PMO stock opened at $9.74 on Monday. The business’s fifty day moving average is $9.84 and its 200-day moving average is $10.21. Putnam Municipal Opportunities Trust has a twelve month low of $9.34 and a twelve month high of $10.96.

Putnam Municipal Opportunities Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.0393 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date was Monday, May 19th. This is an increase from Putnam Municipal Opportunities Trust’s previous monthly dividend of $0.04.

About Putnam Municipal Opportunities Trust

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.