Pathstone Holdings LLC Purchases Shares of 357,624 Putnam Municipal Opportunities Trust (NYSE:PMO)

Pathstone Holdings LLC acquired a new position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 357,624 shares of the financial services provider’s stock, valued at approximately $3,898,000. Pathstone Holdings LLC owned approximately 1.12% of Putnam Municipal Opportunities Trust as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PMO. Rothschild Investment LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 2nd quarter valued at $2,000,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the second quarter worth about $422,000. Wolverine Asset Management LLC boosted its holdings in shares of Putnam Municipal Opportunities Trust by 116.1% in the third quarter. Wolverine Asset Management LLC now owns 63,488 shares of the financial services provider’s stock worth $692,000 after buying an additional 34,104 shares during the period. Cyndeo Wealth Partners LLC purchased a new position in shares of Putnam Municipal Opportunities Trust in the third quarter worth approximately $357,000. Finally, Van ECK Associates Corp raised 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 valued at $2,376,000 after acquiring an additional 28,181 shares during the period. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Stock Performance

Shares of NYSE:PMO opened at $10.36 on Friday. The firm has a 50 day simple moving average of $10.62 and a 200 day simple moving average of $10.40. Putnam Municipal Opportunities Trust has a 52 week low of $9.69 and a 52 week high of $10.96.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be given a $0.035 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.42 annualized dividend and a dividend yield of 4.05%.

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.