International Assets Investment Management LLC Grows Position in Putnam Municipal Opportunities Trust (NYSE:PMO)

International Assets Investment Management LLC raised its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 1,000.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,944 shares of the financial services provider’s stock after buying an additional 11,768 shares during the quarter. International Assets Investment Management LLC’s holdings in Putnam Municipal Opportunities Trust were worth $141,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Robinson Capital Management LLC lifted its position in Putnam Municipal Opportunities Trust by 3.6% during the first quarter. Robinson Capital Management LLC now owns 935,354 shares of the financial services provider’s stock valued at $9,148,000 after purchasing an additional 32,407 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Putnam Municipal Opportunities Trust during the first quarter valued at 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 buying an additional 1,805 shares during the last quarter. Sunpointe LLC purchased a new position in shares of Putnam Municipal Opportunities Trust in the second quarter worth about $216,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the 2nd quarter valued at about $422,000. 20.40% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust Stock Performance

Shares of PMO stock opened at $10.36 on Friday. The business has a 50-day moving average of $10.64 and a 200 day moving average of $10.35. Putnam Municipal Opportunities Trust has a 1-year low of $9.38 and a 1-year high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

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

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.