Jane Street Group LLC acquired a new position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,441 shares of the financial services provider's stock, valued at approximately $318,000. Jane Street Group LLC owned 0.10% of Putnam Municipal Opportunities Trust at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in 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 worth $956,000 after buying an additional 53,322 shares during the period. Van ECK Associates Corp increased 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 acquiring an additional 6,217 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the fourth quarter worth $140,000. Raymond James Financial Inc. bought a new stake in Putnam Municipal Opportunities Trust in the 4th quarter valued at $916,000. Finally, HighTower Advisors LLC lifted its position in Putnam Municipal Opportunities Trust by 26.9% in the 4th quarter. HighTower Advisors LLC now owns 31,845 shares of the financial services provider's stock valued at $323,000 after acquiring an additional 6,750 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors.
Putnam Municipal Opportunities Trust Stock Performance
PMO stock remained flat at $9.78 during trading hours on Thursday. The company's stock had a trading volume of 36,454 shares, compared to its average volume of 83,603. The firm's 50 day simple moving average is $9.86 and its 200-day simple moving average is $10.22. Putnam Municipal Opportunities Trust has a 52-week low of $9.34 and a 52-week high of $10.96.
Putnam Municipal Opportunities Trust Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.0393 per share. This is a boost from Putnam Municipal Opportunities Trust's previous monthly dividend of $0.04. This represents a $0.47 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Monday, May 19th.
About Putnam Municipal Opportunities Trust
(
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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