Park Avenue Securities LLC Invests $1.18 Million in Putnam Municipal Opportunities Trust (NYSE:PMO)

Park Avenue Securities LLC bought a new position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 115,800 shares of the financial services provider’s stock, valued at approximately $1,177,000. Park Avenue Securities LLC owned about 0.36% of Putnam Municipal Opportunities Trust at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Robinson Capital Management LLC purchased a new stake in Putnam Municipal Opportunities Trust during the 3rd quarter worth approximately $5,688,000. Bison Wealth LLC purchased a new stake in Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $292,000. International Assets Investment Management LLC grew its position in Putnam Municipal Opportunities Trust by 934.3% during the 4th quarter. International Assets Investment Management LLC now owns 11,781 shares of the financial services provider’s stock worth $1,152,000 after purchasing an additional 10,642 shares during the last quarter. Tyche Wealth Partners LLC purchased a new stake in Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $242,000. Finally, UBS Group AG grew its position in Putnam Municipal Opportunities Trust by 5.1% during the 3rd quarter. UBS Group AG now owns 230,595 shares of the financial services provider’s stock worth $2,121,000 after purchasing an additional 11,251 shares during the last quarter. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Price Performance

NYSE:PMO opened at $10.14 on Tuesday. Putnam Municipal Opportunities Trust has a twelve month low of $8.57 and a twelve month high of $10.57. The company’s 50 day moving average is $9.98 and its two-hundred day moving average is $10.14.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 24th will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, June 24th.

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.