Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its stake in Putnam Municipal Opportunities Trust (NYSE:PMOGet Rating) by 19.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,930 shares of the financial services provider’s stock after selling 22,483 shares during the period. Van ECK Associates Corp owned 0.27% of Putnam Municipal Opportunities Trust worth $891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Putnam Municipal Opportunities Trust in the third quarter valued at $405,000. Collaborative Wealth Managment Inc. acquired a new position in Putnam Municipal Opportunities Trust in the second quarter valued at $181,000. Creative Planning boosted its stake in Putnam Municipal Opportunities Trust by 6.0% in the second quarter. Creative Planning now owns 16,338 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 920 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Putnam Municipal Opportunities Trust by 2.9% in the second quarter. NewEdge Advisors LLC now owns 48,131 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 1,370 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Putnam Municipal Opportunities Trust by 33.0% in the second quarter. Cetera Investment Advisers now owns 20,520 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 5,090 shares in the last quarter. Institutional investors and hedge funds own 10.99% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

NYSE PMO opened at $11.53 on Monday. Putnam Municipal Opportunities Trust has a 1 year low of $9.75 and a 1 year high of $13.45. The company has a fifty day moving average of $10.94 and a two-hundred day moving average of $11.18.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Friday, December 23rd were paid a dividend of $0.0531 per share. The ex-dividend date of this dividend was Thursday, December 22nd. This represents a dividend yield of 5.88%.

Putnam Municipal Opportunities Trust Profile

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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.

Further Reading

Institutional Ownership by Quarter for Putnam Municipal Opportunities Trust (NYSE:PMO)

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