Blue Bell Private Wealth Management LLC purchased a new position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,000 shares of the financial services provider’s stock, valued at approximately $62,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC grew its stake in shares of Putnam Municipal Opportunities Trust by 700.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 29,384 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 25,714 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Putnam Municipal Opportunities Trust by 13.9% during the second quarter. Van ECK Associates Corp now owns 231,553 shares of the financial services provider’s stock worth $2,376,000 after purchasing an additional 28,181 shares during the period. Rothschild Investment LLC purchased a new position in Putnam Municipal Opportunities Trust in the 2nd quarter valued at $2,000,000. Allspring Global Investments Holdings LLC acquired a new position in Putnam Municipal Opportunities Trust in the 2nd quarter valued at $422,000. Finally, Sunpointe LLC acquired a new position in Putnam Municipal Opportunities Trust in the 2nd quarter valued at $216,000. Institutional investors and hedge funds own 20.40% of the company’s stock.
Putnam Municipal Opportunities Trust Stock Performance
PMO stock opened at $10.50 on Friday. The company has a fifty day moving average of $10.40 and a 200-day moving average of $10.18. Putnam Municipal Opportunities Trust has a one year low of $8.57 and a one year high of $10.69.
Putnam Municipal Opportunities Trust Cuts Dividend
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.
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