Jane Street Group LLC Invests $318,000 in Putnam Municipal Opportunities Trust (NYSE:PMO)

Jane Street Group LLC bought a new stake in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in shares of Putnam Municipal Opportunities Trust by 92.2% during 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 period. 1607 Capital Partners LLC increased its position in shares of Putnam Municipal Opportunities Trust by 54.1% during 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 period. Intellus Advisors LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the 4th quarter valued at $1,286,000. Raymond James Financial Inc. acquired a new position in shares of Putnam Municipal Opportunities Trust during the 4th quarter valued at $916,000. Finally, Allspring Global Investments Holdings LLC increased 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 during the period. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Stock Down 0.3%

Shares of PMO stock traded down $0.03 during mid-day trading on Friday, hitting $9.74. 126,286 shares of the stock traded hands, compared to its average volume of 95,210. Putnam Municipal Opportunities Trust has a twelve month low of $9.34 and a twelve month high of $10.96. The company's 50-day simple moving average is $9.84 and its 200-day simple moving average is $10.21.

Putnam Municipal Opportunities Trust Increases Dividend

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

Putnam Municipal Opportunities Trust Company 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.