Putnam Municipal Opportunities Trust (PMO) to Issue Monthly Dividend of $0.04 on September 1st

Posted by Defense World Staff on Aug 21st, 2023

Putnam Municipal Opportunities Trust (NYSE:PMO – Get Free Report) declared a monthly dividend on Tuesday, August 1st, NASDAQ reports. Investors of record on Thursday, August 24th will be paid a dividend of 0.035 per share by the financial services provider on Friday, September 1st. This represents a $0.42 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Wednesday, August 23rd.

Putnam Municipal Opportunities Trust Trading Up 0.8 %

Shares of NYSE PMO opened at $10.01 on Monday. Putnam Municipal Opportunities Trust has a 52 week low of $9.72 and a 52 week high of $12.87. The business’s 50 day moving average price is $10.19 and its 200 day moving average price is $10.54.

Insider Buying and Selling

In related news, COO Aaron M. Cooper acquired 7,443 shares of Putnam Municipal Opportunities Trust stock in a transaction on Thursday, July 6th. The stock was acquired at an average price of $10.07 per share, for a total transaction of $74,951.01. Following the purchase, the chief operating officer now owns 7,443 shares of the company’s stock, valued at approximately $74,951.01. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Aaron M. Cooper acquired 12,702 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were acquired at an average cost of $10.29 per share, with a total value of $130,703.58. Following the completion of the acquisition, the chief operating officer now directly owns 34,160 shares in the company, valued at approximately $351,506.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Aaron M. Cooper bought 7,443 shares of Putnam Municipal Opportunities Trust stock in a transaction on Thursday, July 6th. The shares were purchased at an average cost of $10.07 per share, with a total value of $74,951.01. Following the acquisition, the chief operating officer now directly owns 7,443 shares of the company’s stock, valued at $74,951.01. The disclosure for this purchase can be found here. Insiders acquired a total of 20,246 shares of company stock valued at $206,652 over the last 90 days. Insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

Several hedge funds and other institutional investors have recently modified their holdings of PMO. Worth Asset Management LLC purchased a new position in Putnam Municipal Opportunities Trust in the 1st quarter worth approximately $169,000. Creative Planning lifted its holdings in shares of Putnam Municipal Opportunities Trust by 6.0% in the 2nd quarter. Creative Planning now owns 16,338 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 920 shares during the last quarter. Quarry LP purchased a new stake in Putnam Municipal Opportunities Trust in the second quarter valued at approximately $206,000. Stifel Financial Corp raised its position in Putnam Municipal Opportunities Trust by 46.1% in the first quarter. Stifel Financial Corp now owns 20,587 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 6,500 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of Putnam Municipal Opportunities Trust during the first quarter worth $263,000. 13.01% of the stock is owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust Company Profile

(Get Free Report)

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.