Logan Stone Capital LLC Cuts Stock Position in Putnam Municipal Opportunities Trust (NYSE:PMO)

Logan Stone Capital LLC lessened its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 84.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 35,936 shares of the financial services provider’s stock after selling 199,937 shares during the quarter. Logan Stone Capital LLC’s holdings in Putnam Municipal Opportunities Trust were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Putnam Municipal Opportunities Trust by 129.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 94,408 shares of the financial services provider’s stock worth $956,000 after purchasing an additional 53,322 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Putnam Municipal Opportunities Trust by 7.1% during the fourth quarter. Park Avenue Securities LLC now owns 112,497 shares of the financial services provider’s stock worth $1,140,000 after purchasing an additional 7,450 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Putnam Municipal Opportunities Trust by 26.9% during the fourth 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 last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Putnam Municipal Opportunities Trust by 2,144.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 344,532 shares of the financial services provider’s stock worth $3,490,000 after purchasing an additional 329,179 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Putnam Municipal Opportunities Trust by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 233,858 shares of the financial services provider’s stock worth $2,369,000 after acquiring an additional 6,217 shares in the last quarter. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Trading Up 0.3%

NYSE:PMO opened at $10.00 on Monday. The stock has a fifty day moving average price of $10.01 and a two-hundred day moving average price of $10.29. Putnam Municipal Opportunities Trust has a 1 year low of $9.34 and a 1 year high of $10.96.

Putnam Municipal Opportunities Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a $0.0393 dividend. This is a boost from Putnam Municipal Opportunities Trust’s previous monthly dividend of $0.04. The ex-dividend date is Monday, May 19th. This represents a $0.47 annualized dividend and a yield of 4.72%.

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.