Noble Wealth Management PBC Acquires Shares of 13,800 Putnam Municipal Opportunities Trust (NYSE:PMO)

Noble Wealth Management PBC bought a new position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,800 shares of the financial services provider’s stock, valued at approximately $140,000.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp raised its stake in Putnam Municipal Opportunities Trust by 2.7% during the 4th quarter. Van ECK Associates Corp now owns 233,858 shares of the financial services provider’s stock valued at $2,369,000 after acquiring an additional 6,217 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Putnam Municipal Opportunities Trust by 129.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 94,408 shares of the financial services provider’s stock valued at $956,000 after purchasing an additional 53,322 shares during the period. Cyndeo Wealth Partners LLC raised its stake in shares of Putnam Municipal Opportunities Trust by 17.8% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 38,629 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 5,836 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Putnam Municipal Opportunities Trust by 28.7% during the fourth quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 3,426 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Putnam Municipal Opportunities Trust by 2,144.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 344,532 shares of the financial services provider’s stock worth $3,490,000 after purchasing an additional 329,179 shares during the period. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Price Performance

Shares of PMO opened at $10.75 on Friday. Putnam Municipal Opportunities Trust has a 1 year low of $9.69 and a 1 year high of $10.96. The company’s fifty day moving average is $10.39 and its two-hundred day moving average is $10.51.

Putnam Municipal Opportunities Trust Announces Dividend

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

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.