Integrated Wealth Concepts LLC Purchases New Shares in Putnam Municipal Opportunities Trust (NYSE:PMO)

Integrated Wealth Concepts LLC acquired a new position in Putnam Municipal Opportunities Trust (NYSE:PMO) during the third quarter, HoldingsChannel reports. The fund acquired 10,879 shares of the financial services provider’s stock, valued at approximately $119,000.

Other large investors also recently made changes to their positions in the company. Pathstone Holdings LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the third quarter valued at about $3,898,000. Rothschild Investment LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the second quarter worth approximately $2,000,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Putnam Municipal Opportunities Trust during the second quarter valued at approximately $422,000. Wolverine Asset Management LLC increased its holdings in shares of Putnam Municipal Opportunities Trust by 116.1% in the third quarter. Wolverine Asset Management LLC now owns 63,488 shares of the financial services provider’s stock valued at $692,000 after purchasing an additional 34,104 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC bought a new position in Putnam Municipal Opportunities Trust in the 3rd quarter worth approximately $357,000. Institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Trading Down 1.1 %

Shares of PMO opened at $10.50 on Friday. The business’s fifty day moving average price is $10.57 and its two-hundred day moving average price is $10.46. Putnam Municipal Opportunities Trust has a 52 week low of $9.69 and a 52 week high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.42 annualized dividend and a yield of 4.00%.

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.