Putnam Municipal Opportunities Trust (NYSE:PMO) Stock Position Decreased by Sunpointe LLC

Sunpointe LLC decreased its position in Putnam Municipal Opportunities Trust (NYSE:PMO) by 46.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,200 shares of the financial services provider’s stock after selling 9,724 shares during the period. Sunpointe LLC’s holdings in Putnam Municipal Opportunities Trust were worth $114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PMO. International Assets Investment Management LLC grew its position in Putnam Municipal Opportunities Trust by 1,000.7% in the 3rd quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 11,768 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Putnam Municipal Opportunities Trust in the 3rd quarter worth about $167,000. Fortitude Family Office LLC bought a new position in Putnam Municipal Opportunities Trust in the 3rd quarter worth about $134,000. Wolverine Asset Management LLC grew its position in Putnam Municipal Opportunities Trust by 116.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 63,488 shares of the financial services provider’s stock worth $692,000 after purchasing an additional 34,104 shares during the last quarter. Finally, Pathstone Holdings LLC bought a new position in Putnam Municipal Opportunities Trust in the 3rd quarter worth about $3,898,000. Institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

NYSE PMO opened at $10.73 on Friday. Putnam Municipal Opportunities Trust has a 52 week low of $9.69 and a 52 week high of $10.96. The company has a 50-day moving average price of $10.34 and a two-hundred day moving average price of $10.50.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be given a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Monday, February 24th.

Putnam Municipal Opportunities Trust 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.