Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its stake in Putnam Municipal Opportunities Trust (NYSE:PMO) by 2,144.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 344,532 shares of the financial services provider’s stock after buying an additional 329,179 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Putnam Municipal Opportunities Trust were worth $3,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in Putnam Municipal Opportunities Trust during the third quarter valued at approximately $119,000. Avior Wealth Management LLC grew its stake in shares of Putnam Municipal Opportunities Trust by 23.1% during the 3rd quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 2,238 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 3rd quarter worth approximately $134,000. International Assets Investment Management LLC increased its holdings in shares of Putnam Municipal Opportunities Trust by 1,000.7% during the 3rd quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 11,768 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its stake in shares of Putnam Municipal Opportunities Trust by 18.2% in the 3rd quarter. Moors & Cabot Inc. now owns 16,853 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 2,600 shares during the period. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Price Performance

Shares of NYSE PMO opened at $10.29 on Friday. The company’s fifty day moving average price is $10.36 and its 200 day moving average price is $10.47. Putnam Municipal Opportunities Trust has a 1 year low of $9.69 and a 1 year high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, January 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.