Bank of America Corp DE trimmed its position in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 25.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,073 shares of the financial services provider's stock after selling 41,848 shares during the period. Bank of America Corp DE owned approximately 0.39% of Putnam Municipal Opportunities Trust worth $1,257,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Putnam Municipal Opportunities Trust by 129.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 94,408 shares of the financial services provider's stock valued at $956,000 after purchasing an additional 53,322 shares in the last quarter. Van ECK Associates Corp lifted its stake in Putnam Municipal Opportunities Trust by 2.7% during the fourth quarter. Van ECK Associates Corp now owns 233,858 shares of the financial services provider's stock valued at $2,369,000 after purchasing an additional 6,217 shares during the last quarter. Noble Wealth Management PBC bought a new stake in Putnam Municipal Opportunities Trust during the fourth quarter worth approximately $140,000. Raymond James Financial Inc. acquired a new position in Putnam Municipal Opportunities Trust in the fourth quarter worth approximately $916,000. Finally, HighTower Advisors LLC grew its position in Putnam Municipal Opportunities Trust by 26.9% in the fourth quarter. HighTower Advisors LLC now owns 31,845 shares of the financial services provider's stock worth $323,000 after buying an additional 6,750 shares during the last quarter. 20.40% of the stock is owned by institutional investors.
Putnam Municipal Opportunities Trust Price Performance
Shares of NYSE:PMO traded down $0.03 on Friday, reaching $9.74. 126,286 shares of the company traded hands, compared to its average volume of 95,059. The company's 50 day moving average is $9.84 and its 200-day moving average is $10.21. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.34 and a fifty-two week 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. Shareholders of record on Monday, May 19th were issued a dividend of $0.0393 per share. This represents a $0.47 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend was Monday, May 19th. This is an increase from Putnam Municipal Opportunities Trust's previous monthly dividend of $0.04.
Putnam Municipal Opportunities Trust Profile
(
Free Report)
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.
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