Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Sold by Sunpointe LLC

Sunpointe LLC reduced its stake in Putnam Municipal Opportunities Trust (NYSE:PMO) by 46.5% in the fourth quarter, HoldingsChannel reports. The fund owned 11,200 shares of the financial services provider’s stock after selling 9,724 shares during the quarter. Sunpointe LLC’s holdings in Putnam Municipal Opportunities Trust were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PMO. Integrated Wealth Concepts LLC bought a new stake in Putnam Municipal Opportunities Trust during the third quarter worth approximately $119,000. Avior Wealth Management LLC boosted its holdings in 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 worth $130,000 after buying an additional 2,238 shares in the last quarter. Fortitude Family Office LLC bought a new stake in Putnam Municipal Opportunities Trust during the third quarter worth approximately $134,000. International Assets Investment Management LLC boosted its holdings in Putnam Municipal Opportunities Trust by 1,000.7% during the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock worth $141,000 after buying an additional 11,768 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Putnam Municipal Opportunities Trust during the third quarter worth approximately $167,000. 20.40% of the stock is owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Stock Performance

Shares of NYSE:PMO opened at $10.73 on Friday. Putnam Municipal Opportunities Trust has a 1-year low of $9.69 and a 1-year high of $10.96. The company has a 50 day moving average price of $10.34 and a 200 day moving average price of $10.50.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Monday, February 24th.

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.