Putnam Municipal Opportunities Trust (NYSE:PMO) Stock Passes Below Fifty Day Moving Average – Here’s Why

Shares of Putnam Municipal Opportunities Trust (NYSE:PMO) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.64 and traded as low as $10.31. Putnam Municipal Opportunities Trust shares last traded at $10.36, with a volume of 75,465 shares changing hands.

Putnam Municipal Opportunities Trust Trading Up 0.9 %

The stock’s 50-day simple moving average is $10.64 and its 200 day simple moving average is $10.35.

Putnam Municipal Opportunities Trust Dividend Announcement

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

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

Institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the 2nd quarter valued at $62,000. Fortitude Family Office LLC bought a new stake in Putnam Municipal Opportunities Trust in the third quarter valued at $134,000. International Assets Investment Management LLC increased its stake in Putnam Municipal Opportunities Trust by 1,000.7% in the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 11,768 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the first quarter valued at about $155,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Putnam Municipal Opportunities Trust during the 3rd quarter worth about $167,000. 20.40% of the stock is owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Company 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.