Hennion & Walsh Asset Management Inc. Grows Holdings in Putnam Municipal Opportunities Trust (NYSE:PMO)

Hennion & Walsh Asset Management Inc. grew its holdings in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 32.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 457,293 shares of the financial services provider's stock after buying an additional 112,761 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 1.44% of Putnam Municipal Opportunities Trust worth $4,660,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Guggenheim Capital LLC grew its position in Putnam Municipal Opportunities Trust by 11.9% in the fourth quarter. Guggenheim Capital LLC now owns 368,040 shares of the financial services provider's stock worth $3,728,000 after acquiring an additional 39,272 shares in the last quarter. 1607 Capital Partners LLC lifted its stake in shares of Putnam Municipal Opportunities Trust by 54.1% in the 4th quarter. 1607 Capital Partners LLC now owns 362,681 shares of the financial services provider's stock valued at $3,674,000 after purchasing an additional 127,300 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Putnam Municipal Opportunities Trust by 92.2% in the 4th quarter. Advisors Asset Management Inc. now owns 291,314 shares of the financial services provider's stock valued at $2,951,000 after purchasing an additional 139,739 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Putnam Municipal Opportunities Trust by 2.7% in the 4th 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. Finally, Wells Fargo & Company MN increased its position in shares of Putnam Municipal Opportunities Trust by 14.7% during the 4th quarter. Wells Fargo & Company MN now owns 151,244 shares of the financial services provider's stock valued at $1,532,000 after purchasing an additional 19,437 shares during the last quarter. 20.40% of the stock is currently owned by institutional investors.

Putnam Municipal Opportunities Trust Stock Performance

NYSE:PMO traded down $0.04 during midday trading on Friday, hitting $9.73. 123,790 shares of the company traded hands, compared to its average volume of 95,252. The firm's fifty day moving average is $9.85 and its 200-day moving average is $10.22. Putnam Municipal Opportunities Trust has a 12-month low of $9.34 and a 12-month high of $10.96.

Putnam Municipal Opportunities Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.0393 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.47 annualized dividend and a dividend yield of 4.85%. This is an increase from Putnam Municipal Opportunities Trust's previous monthly dividend of $0.04.

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.