Park Avenue Securities LLC Has $1.15 Million Stock Holdings in Putnam Municipal Opportunities Trust (NYSE:PMO)

Park Avenue Securities LLC decreased its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,047 shares of the financial services provider’s stock after selling 7,707 shares during the period. Park Avenue Securities LLC owned 0.33% of Putnam Municipal Opportunities Trust worth $1,145,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PMO. Nomura Holdings Inc. acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 4th quarter valued at about $136,000. Integrated Capital Management Inc. bought a new position in Putnam Municipal Opportunities Trust during the first quarter valued at approximately $169,000. Robinson Capital Management LLC lifted its stake in Putnam Municipal Opportunities Trust by 3.6% in 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 acquiring an additional 32,407 shares during the last quarter. Cetera Advisors LLC bought a new stake in Putnam Municipal Opportunities Trust in the first quarter worth approximately $155,000. Finally, Sunpointe LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the 2nd quarter worth $216,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

Putnam Municipal Opportunities Trust stock opened at $10.66 on Wednesday. Putnam Municipal Opportunities Trust has a 1-year low of $8.57 and a 1-year high of $10.96. The firm’s fifty day simple moving average is $10.61 and its 200-day simple moving average is $10.26.

Putnam Municipal Opportunities Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $0.42 annualized dividend and a yield of 3.94%.

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.