Park Avenue Securities LLC Buys 7,450 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Park Avenue Securities LLC lifted its stake in Putnam Municipal Opportunities Trust (NYSE:PMO) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,497 shares of the financial services provider’s stock after acquiring an additional 7,450 shares during the quarter. Park Avenue Securities LLC owned 0.35% of Putnam Municipal Opportunities Trust worth $1,140,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the third quarter worth approximately $119,000. Avior Wealth Management LLC grew its position in Putnam Municipal Opportunities Trust by 23.1% during the third quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider’s stock valued at $130,000 after buying an additional 2,238 shares during the period. Fortitude Family Office LLC bought a new stake in Putnam Municipal Opportunities Trust during the third quarter valued at approximately $134,000. International Assets Investment Management LLC grew its position 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 valued at $141,000 after buying an additional 11,768 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Putnam Municipal Opportunities Trust during the third quarter valued at approximately $167,000. 20.40% of the stock is currently owned by institutional investors.

Putnam Municipal Opportunities Trust Stock Performance

Shares of NYSE PMO opened at $10.33 on Tuesday. The firm has a 50 day moving average of $10.35 and a 200 day moving average of $10.47. Putnam Municipal Opportunities Trust has a 12-month low of $9.69 and a 12-month high of $10.96.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.035 per share. The ex-dividend date is Friday, January 24th. This represents a $0.42 annualized dividend and a yield of 4.07%.

Putnam Municipal Opportunities Trust 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.