Avior Wealth Management LLC Purchases 3,426 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Avior Wealth Management LLC grew its position in Putnam Municipal Opportunities Trust (NYSE:PMO) by 28.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,358 shares of the financial services provider’s stock after buying an additional 3,426 shares during the period. Avior Wealth Management LLC’s holdings in Putnam Municipal Opportunities Trust were worth $156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pathstone Holdings LLC acquired a new stake in Putnam Municipal Opportunities Trust in the third quarter valued at approximately $3,898,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Putnam Municipal Opportunities Trust by 2,144.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 344,532 shares of the financial services provider’s stock worth $3,490,000 after purchasing an additional 329,179 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in Putnam Municipal Opportunities Trust by 61.4% during the 3rd quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider’s stock worth $1,959,000 after buying an additional 68,382 shares during the last quarter. Wolverine Asset Management LLC increased its position in Putnam Municipal Opportunities Trust by 116.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 63,488 shares of the financial services provider’s stock valued at $692,000 after buying an additional 34,104 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC purchased a new stake in Putnam Municipal Opportunities Trust in the third quarter valued at about $357,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

Shares of PMO stock opened at $10.35 on Tuesday. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.69 and a fifty-two week high of $10.96. The stock’s 50-day simple moving average is $10.34 and its 200-day simple moving average is $10.48.

Putnam Municipal Opportunities Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.42 dividend on an annualized basis and a yield of 4.06%.

Putnam Municipal Opportunities Trust 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.