Putnam Municipal Opportunities Trust (NYSE:PMO) Stock Holdings Decreased by Nova R Wealth Inc.

Nova R Wealth Inc. lowered its stake in Putnam Municipal Opportunities Trust (NYSE:PMO) by 6.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 93,059 shares of the financial services provider’s stock after selling 6,938 shares during the period. Nova R Wealth Inc. owned 0.29% of Putnam Municipal Opportunities Trust worth $1,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Bell Private Wealth Management LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the 2nd quarter worth about $62,000. Nomura Holdings Inc. acquired a new position in Putnam Municipal Opportunities Trust during the 4th quarter valued at about $136,000. Cetera Advisors LLC acquired a new position in Putnam Municipal Opportunities Trust during the 1st quarter valued at about $155,000. Integrated Capital Management Inc. acquired a new position in Putnam Municipal Opportunities Trust during the 1st quarter valued at about $169,000. Finally, Sunpointe LLC acquired a new position in Putnam Municipal Opportunities Trust during the 2nd quarter valued at about $216,000. Institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Trading Up 0.7 %

Shares of NYSE:PMO traded up $0.07 during trading on Tuesday, reaching $10.73. The company had a trading volume of 54,893 shares, compared to its average volume of 91,968. The firm’s fifty day moving average is $10.62 and its 200 day moving average is $10.27. Putnam Municipal Opportunities Trust has a twelve month low of $8.57 and a twelve month high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.91%.

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.