15,353 Shares in Putnam Municipal Opportunities Trust (NYSE:PMO) Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. purchased a new position in Putnam Municipal Opportunities Trust (NYSE:PMO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,353 shares of the financial services provider’s stock, valued at approximately $167,000.

Several other hedge funds have also recently added to or reduced their stakes in PMO. Blue Bell Private Wealth Management LLC bought a new stake in Putnam Municipal Opportunities Trust during the second quarter worth about $62,000. International Assets Investment Management LLC grew its stake in Putnam Municipal Opportunities Trust by 1,000.7% during the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock worth $141,000 after buying an additional 11,768 shares during the last quarter. Cetera Advisors LLC bought a new stake in Putnam Municipal Opportunities Trust during the first quarter worth about $155,000. Integrated Capital Management Inc. grew its stake in shares of Putnam Municipal Opportunities Trust by 10.9% during the second quarter. Integrated Capital Management Inc. now owns 18,399 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 1,805 shares during the last quarter. Finally, Sunpointe LLC bought a new stake in shares of Putnam Municipal Opportunities Trust during the second quarter valued at approximately $216,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Price Performance

PMO opened at $10.51 on Thursday. Putnam Municipal Opportunities Trust has a one year low of $8.73 and a one year high of $10.96. The company’s 50 day simple moving average is $10.65 and its 200-day simple moving average is $10.32.

Putnam Municipal Opportunities Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.42 annualized dividend and a dividend yield of 4.00%.

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.