International Assets Investment Management LLC Purchases 10,642 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

International Assets Investment Management LLC raised its position in Putnam Municipal Opportunities Trust (NYSE:PMO) by 934.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,781 shares of the financial services provider’s stock after purchasing an additional 10,642 shares during the period. International Assets Investment Management LLC’s holdings in Putnam Municipal Opportunities Trust were worth $1,152,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PMO. UMB Bank n.a. bought a new stake in Putnam Municipal Opportunities Trust in the fourth quarter worth approximately $28,000. Simon Quick Advisors LLC bought a new position in Putnam Municipal Opportunities Trust during the fourth quarter worth $135,000. Raymond James & Associates grew its holdings in Putnam Municipal Opportunities Trust by 31.8% in the fourth quarter. Raymond James & Associates now owns 215,399 shares of the financial services provider’s stock worth $2,204,000 after purchasing an additional 51,948 shares during the period. Moody National Bank Trust Division bought a new stake in Putnam Municipal Opportunities Trust in the fourth quarter valued at $119,000. Finally, Financial Network Wealth Management LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter valued at about $115,000. 20.40% of the stock is owned by institutional investors.

Putnam Municipal Opportunities Trust Price Performance

PMO stock opened at $9.82 on Tuesday. The company’s 50-day moving average is $10.14 and its 200-day moving average is $9.95. Putnam Municipal Opportunities Trust has a 1 year low of $8.57 and a 1 year high of $10.57.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 24th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.42 annualized dividend and a yield of 4.28%.

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.