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

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 2,144.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 344,532 shares of the financial services provider’s stock after purchasing an additional 329,179 shares during the period. Hennion & Walsh Asset Management Inc. owned 1.08% of Putnam Municipal Opportunities Trust worth $3,490,000 at the end of the most recent quarter.

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

Putnam Municipal Opportunities Trust Stock Up 0.3 %

NYSE PMO opened at $10.29 on Friday. Putnam Municipal Opportunities Trust has a 12-month low of $9.69 and a 12-month high of $10.96. The company has a fifty day simple moving average of $10.36 and a two-hundred day simple moving average of $10.47.

Putnam Municipal Opportunities Trust Dividend Announcement

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

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.