Putnam Municipal Opportunities Trust Declares Monthly Dividend of $0.04 (NYSE:PMO)

Putnam Municipal Opportunities Trust (NYSE:PMO) declared a monthly dividend on Tuesday, August 1st, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.035 per share by the financial services provider on Monday, October 2nd. This represents a $0.42 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Thursday, September 21st.

Putnam Municipal Opportunities Trust Stock Down 0.7 %

PMO opened at $9.64 on Tuesday. Putnam Municipal Opportunities Trust has a 12-month low of $9.55 and a 12-month high of $12.25. The business has a 50 day moving average of $10.00 and a 200-day moving average of $10.27.

Insider Buying and Selling at Putnam Municipal Opportunities Trust

In related news, COO Aaron M. Cooper bought 12,702 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was bought at an average price of $10.29 per share, for a total transaction of $130,703.58. Following the purchase, the chief operating officer now owns 34,160 shares in the company, valued at approximately $351,506.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Aaron M. Cooper purchased 7,443 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was bought at an average price of $10.07 per share, with a total value of $74,951.01. Following the acquisition, the chief operating officer now owns 7,443 shares in the company, valued at approximately $74,951.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Aaron M. Cooper acquired 12,702 shares of the stock in a transaction on Monday, July 10th. The shares were purchased at an average price of $10.29 per share, with a total value of $130,703.58. Following the completion of the transaction, the chief operating officer now owns 34,160 shares of the company’s stock, valued at $351,506.40. The disclosure for this purchase can be found here. Insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in Putnam Municipal Opportunities Trust in the second quarter valued at approximately $206,000. Rockefeller Capital Management L.P. raised its position in Putnam Municipal Opportunities Trust by 12.5% in the second quarter. Rockefeller Capital Management L.P. now owns 142,404 shares of the financial services provider’s stock valued at $1,454,000 after purchasing an additional 15,820 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Putnam Municipal Opportunities Trust by 50.6% during the second quarter. Baird Financial Group Inc. now owns 69,637 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 23,385 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Putnam Municipal Opportunities Trust by 15.3% during the first quarter. Ameriprise Financial Inc. now owns 811,417 shares of the financial services provider’s stock worth $8,360,000 after purchasing an additional 107,784 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in Putnam Municipal Opportunities Trust by 46.1% in the 1st quarter. Stifel Financial Corp now owns 20,587 shares of the financial services provider’s stock valued at $213,000 after buying an additional 6,500 shares during the last quarter. Institutional investors own 14.29% of the company’s stock.

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.