Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Cross Below 50 Day Moving Average of $10.02

Shares of Putnam Municipal Opportunities Trust (NYSE:PMO) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.02 and traded as low as $9.73. Putnam Municipal Opportunities Trust shares last traded at $9.84, with a volume of 86,190 shares.

Putnam Municipal Opportunities Trust Price Performance

The business has a fifty day moving average of $10.02 and a 200-day moving average of $10.00.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be issued a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Thursday, May 23rd.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. bought a new position in Putnam Municipal Opportunities Trust in the 4th quarter worth approximately $28,000. Financial Network Wealth Management LLC acquired a new stake in Putnam Municipal Opportunities Trust in the fourth quarter worth approximately $115,000. Moody National Bank Trust Division acquired a new stake in Putnam Municipal Opportunities Trust in the fourth quarter worth approximately $119,000. International Assets Investment Management LLC lifted its position in Putnam Municipal Opportunities Trust by 934.3% in the fourth quarter. International Assets Investment Management LLC now owns 11,781 shares of the financial services provider’s stock worth $1,152,000 after purchasing an additional 10,642 shares during the period. Finally, Summit Trail Advisors LLC acquired a new stake in Putnam Municipal Opportunities Trust in the fourth quarter worth approximately $128,000. 20.40% of the stock is owned by institutional investors.

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.