Logan Stone Capital LLC Sells 199,937 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Logan Stone Capital LLC lessened its position in Putnam Municipal Opportunities Trust (NYSE:PMO - Free Report) by 84.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,936 shares of the financial services provider's stock after selling 199,937 shares during the quarter. Logan Stone Capital LLC owned approximately 0.11% of Putnam Municipal Opportunities Trust worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Citadel Advisors LLC lifted its stake in shares of Putnam Municipal Opportunities Trust by 9.5% in the 4th quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider's stock valued at $123,000 after purchasing an additional 1,059 shares during the period. Stifel Financial Corp lifted its stake in shares of Putnam Municipal Opportunities Trust by 3.1% in the 4th quarter. Stifel Financial Corp now owns 36,713 shares of the financial services provider's stock valued at $372,000 after purchasing an additional 1,112 shares during the period. Integrated Capital Management Inc. lifted its stake in shares of Putnam Municipal Opportunities Trust by 10.5% in the 4th quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 1,932 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Putnam Municipal Opportunities Trust by 28.7% in the 4th quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider's stock valued at $156,000 after purchasing an additional 3,426 shares during the period. Finally, Cyndeo Wealth Partners LLC lifted its stake in shares of Putnam Municipal Opportunities Trust by 17.8% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 38,629 shares of the financial services provider's stock valued at $391,000 after purchasing an additional 5,836 shares during the period. Hedge funds and other institutional investors own 20.40% of the company's stock.

Putnam Municipal Opportunities Trust Trading Up 0.0%

Shares of PMO traded up $0.01 on Friday, reaching $10.14. The stock had a trading volume of 19,074 shares, compared to its average volume of 94,966. The company has a 50-day simple moving average of $9.97 and a 200-day simple moving average of $10.27. 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 business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.0393 per share. This represents a $0.47 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Putnam Municipal Opportunities Trust's previous monthly dividend of $0.04.

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.