Noble Wealth Management PBC Buys Shares of 13,800 Putnam Municipal Opportunities Trust (NYSE:PMO)

Noble Wealth Management PBC purchased a new stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,800 shares of the financial services provider’s stock, valued at approximately $140,000.

Several other institutional investors have also recently made changes to their positions in PMO. International Assets Investment Management LLC raised its position in Putnam Municipal Opportunities Trust by 1,000.7% in the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 11,768 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at $267,000. Pathstone Holdings LLC acquired a new position in Putnam Municipal Opportunities Trust during the 3rd quarter worth about $3,898,000. Stifel Financial Corp boosted its holdings in Putnam Municipal Opportunities Trust by 9.3% during the 3rd quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 3,040 shares during the period. Finally, Rivernorth Capital Management LLC grew its position in Putnam Municipal Opportunities Trust by 61.4% in the 3rd quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider’s stock valued at $1,959,000 after acquiring an additional 68,382 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 $10.75 on Friday. Putnam Municipal Opportunities Trust has a 12-month low of $9.69 and a 12-month high of $10.96. The stock has a fifty day moving average price of $10.39 and a 200 day moving average price of $10.51.

Putnam Municipal Opportunities Trust Announces Dividend

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

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.