Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.02 and traded as low as $9.73. Putnam Municipal Opportunities Trust shares last traded at $9.84, with a volume of 86,190 shares trading hands.
Putnam Municipal Opportunities Trust Trading Up 0.6 %
The business has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $10.00.
Putnam Municipal Opportunities Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Thursday, May 23rd.
Institutional Investors Weigh In On Putnam Municipal Opportunities Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robinson Capital Management LLC acquired a new stake in Putnam Municipal Opportunities Trust in the third quarter valued at $5,688,000. Bison Wealth LLC purchased a new position in Putnam Municipal Opportunities Trust during the fourth quarter worth about $292,000. UBS Group AG lifted its position in Putnam Municipal Opportunities Trust by 5.1% during the third quarter. UBS Group AG now owns 230,595 shares of the financial services provider's stock worth $2,121,000 after buying an additional 11,251 shares during the period. Moody National Bank Trust Division acquired a new stake in Putnam Municipal Opportunities Trust during the fourth quarter worth about $119,000. Finally, UMB Bank n.a. acquired a new stake in Putnam Municipal Opportunities Trust during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 20.40% of the company's stock.
Putnam Municipal Opportunities Trust Company Profile
(
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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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