Putnam Municipal Opportunities Trust (PMO) Reaches New 12-Month High at $12.05

Share on StockTwits

Putnam Municipal Opportunities Trust (NYSE:PMO) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.05 and last traded at $12.02, with a volume of 100 shares. The stock had previously closed at $12.04.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 22nd will be paid a dividend of $0.0531 per share. This represents a $0.64 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend is Thursday, March 21st.

A number of institutional investors have recently modified their holdings of the stock. Robinson Capital Management LLC raised its stake in Putnam Municipal Opportunities Trust by 24,296.8% during the 4th quarter. Robinson Capital Management LLC now owns 911,466 shares of the financial services provider’s stock worth $10,236,000 after buying an additional 907,730 shares during the period. Wells Fargo & Company MN raised its stake in Putnam Municipal Opportunities Trust by 339.0% during the 3rd quarter. Wells Fargo & Company MN now owns 731,085 shares of the financial services provider’s stock worth $8,348,000 after buying an additional 564,544 shares during the period. Fiera Capital Corp raised its stake in Putnam Municipal Opportunities Trust by 18.6% during the 4th quarter. Fiera Capital Corp now owns 407,084 shares of the financial services provider’s stock worth $4,572,000 after buying an additional 63,868 shares during the period. Advisors Asset Management Inc. raised its stake in Putnam Municipal Opportunities Trust by 10.6% during the 4th quarter. Advisors Asset Management Inc. now owns 210,160 shares of the financial services provider’s stock worth $2,360,000 after buying an additional 20,165 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Putnam Municipal Opportunities Trust by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 193,775 shares of the financial services provider’s stock valued at $2,176,000 after purchasing an additional 5,270 shares during the period. 22.48% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Putnam Municipal Opportunities Trust (PMO) Reaches New 12-Month High at $12.05” was posted by Zolmax and is the property of of Zolmax. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://zolmax.com/investing/putnam-municipal-opportunities-trust-pmo-reaches-new-12-month-high-at-12-05/2912304.html.

About Putnam Municipal Opportunities Trust (NYSE:PMO)

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.

Further Reading: What is the Coverage Ratio?

Receive News & Ratings for Putnam Municipal Opportunities Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Municipal Opportunities Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Loxo Oncology Inc  Stake Boosted by Legal & General Group Plc
Loxo Oncology Inc Stake Boosted by Legal & General Group Plc
Contrasting Magnachip Semiconductor  and TranSwitch
Contrasting Magnachip Semiconductor and TranSwitch
BOK Financial  & Hawthorn Bancshares  Head-To-Head Comparison
BOK Financial & Hawthorn Bancshares Head-To-Head Comparison
Oxford Instruments plc  Given Consensus Rating of “Buy” by Brokerages
Oxford Instruments plc Given Consensus Rating of “Buy” by Brokerages
Brixmor Property Group Inc  Receives Average Recommendation of “Hold” from Brokerages
Brixmor Property Group Inc Receives Average Recommendation of “Hold” from Brokerages
Halfords Group plc  Given Average Rating of “Hold” by Brokerages
Halfords Group plc Given Average Rating of “Hold” by Brokerages


 
© 2006-2019 Zolmax.