Wolverine Asset Management LLC Raises Holdings in Putnam Municipal Opportunities Trust (NYSE:PMO)

Wolverine Asset Management LLC boosted its stake in Putnam Municipal Opportunities Trust (NYSE:PMO) by 116.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,488 shares of the financial services provider’s stock after buying an additional 34,104 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.20% of Putnam Municipal Opportunities Trust worth $692,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Robinson Capital Management LLC lifted its position in shares of Putnam Municipal Opportunities Trust by 3.6% in the first quarter. Robinson Capital Management LLC now owns 935,354 shares of the financial services provider’s stock valued at $9,148,000 after acquiring an additional 32,407 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Putnam Municipal Opportunities Trust by 13.9% in the 2nd quarter. Van ECK Associates Corp now owns 231,553 shares of the financial services provider’s stock valued at $2,376,000 after purchasing an additional 28,181 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 2nd quarter worth about $2,000,000. Logan Stone Capital LLC grew its holdings in shares of Putnam Municipal Opportunities Trust by 19.8% during the second quarter. Logan Stone Capital LLC now owns 80,343 shares of the financial services provider’s stock worth $824,000 after buying an additional 13,267 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the second quarter valued at approximately $422,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Price Performance

Shares of PMO opened at $10.38 on Thursday. Putnam Municipal Opportunities Trust has a 1 year low of $9.65 and a 1 year high of $10.96. The company’s 50 day simple moving average is $10.64 and its 200 day simple moving average is $10.37.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, November 22nd.

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.