Hennion & Walsh Asset Management Inc. Has $4.66 Million Position in Putnam Municipal Opportunities Trust (NYSE:PMO)

Hennion & Walsh Asset Management Inc. boosted its position in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 32.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 457,293 shares of the financial services provider's stock after acquiring an additional 112,761 shares during the period. Hennion & Walsh Asset Management Inc. owned 1.44% of Putnam Municipal Opportunities Trust worth $4,660,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PMO. Allspring Global Investments Holdings LLC lifted its stake in Putnam Municipal Opportunities Trust by 129.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 94,408 shares of the financial services provider's stock valued at $956,000 after buying an additional 53,322 shares during the period. Van ECK Associates Corp raised its position in shares of 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 worth $2,369,000 after purchasing an additional 6,217 shares during the period. Noble Wealth Management PBC bought a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter worth about $140,000. Raymond James Financial Inc. bought a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter worth about $916,000. Finally, HighTower Advisors LLC grew its holdings 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 buying an additional 6,750 shares in the last quarter. Institutional investors and hedge funds own 20.40% of the company's stock.

Putnam Municipal Opportunities Trust Stock Down 0.3%

Shares of NYSE:PMO traded down $0.03 during mid-day trading on Friday, reaching $9.74. 126,286 shares of the stock were exchanged, compared to its average volume of 95,059. The stock's 50 day simple moving average is $9.84 and its 200-day simple moving average is $10.21. Putnam Municipal Opportunities Trust has a one year low of $9.34 and a one year high of $10.96.

Putnam Municipal Opportunities Trust Increases Dividend

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

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.