Logan Stone Capital LLC Raises Stake in Putnam Municipal Opportunities Trust (NYSE:PMO)

Logan Stone Capital LLC lifted its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 19.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 80,343 shares of the financial services provider’s stock after acquiring an additional 13,267 shares during the period. Logan Stone Capital LLC’s holdings in Putnam Municipal Opportunities Trust were worth $824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Capital Management Inc. raised its stake in shares of Putnam Municipal Opportunities Trust by 10.9% during the 2nd quarter. Integrated Capital Management Inc. now owns 18,399 shares of the financial services provider’s stock worth $189,000 after buying an additional 1,805 shares during the last quarter. Blue Bell Private Wealth Management LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the 2nd quarter worth $62,000. Nomura Holdings Inc. acquired a new position in shares of Putnam Municipal Opportunities Trust during the 4th quarter worth $136,000. Cetera Advisors LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the 1st quarter worth $155,000. Finally, Sunpointe LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the 2nd quarter worth $216,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Up 0.1 %

NYSE:PMO opened at $10.80 on Friday. The stock has a fifty day simple moving average of $10.54 and a 200-day simple moving average of $10.23. Putnam Municipal Opportunities Trust has a 52-week low of $8.57 and a 52-week high of $10.85.

Putnam Municipal Opportunities Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Tuesday, September 24th.

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.