Putnam Municipal Opportunities Trust (PMO) to Issue Monthly Dividend of $0.04 on October 2nd

Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Tuesday, August 1st, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.035 per share by the financial services provider on Monday, October 2nd. This represents a $0.42 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, September 21st.

Putnam Municipal Opportunities Trust Stock Performance

PMO stock opened at $9.64 on Tuesday. The business has a fifty day simple moving average of $10.00 and a 200-day simple moving average of $10.27. Putnam Municipal Opportunities Trust has a 52 week low of $9.55 and a 52 week high of $12.25.

Insider Transactions at Putnam Municipal Opportunities Trust

In related news, COO Aaron M. Cooper purchased 12,702 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was purchased at an average cost of $10.29 per share, for a total transaction of $130,703.58. Following the acquisition, the chief operating officer now owns 34,160 shares in the company, valued at $351,506.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Aaron M. Cooper acquired 7,443 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was bought at an average cost of $10.07 per share, with a total value of $74,951.01. Following the transaction, the chief operating officer now directly owns 7,443 shares in the company, valued at approximately $74,951.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Aaron M. Cooper acquired 12,702 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was purchased at an average cost of $10.29 per share, with a total value of $130,703.58. Following the completion of the transaction, the chief operating officer now owns 34,160 shares in the company, valued at $351,506.40. The disclosure for this purchase can be found here. Insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning boosted its position in Putnam Municipal Opportunities Trust by 6.0% in the 2nd quarter. Creative Planning now owns 16,338 shares of the financial services provider’s stock valued at $193,000 after buying an additional 920 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Putnam Municipal Opportunities Trust by 5.8% during the third quarter. Royal Bank of Canada now owns 33,659 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 1,838 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Putnam Municipal Opportunities Trust by 2.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 123,430 shares of the financial services provider’s stock worth $1,438,000 after purchasing an additional 3,380 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Putnam Municipal Opportunities Trust by 8.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 47,582 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 3,884 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Putnam Municipal Opportunities Trust by 8.8% during the first quarter. NewEdge Advisors LLC now owns 59,131 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 4,800 shares during the last quarter. 14.29% of the stock is owned by hedge funds and other institutional investors.

About Putnam Municipal Opportunities Trust

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.