Putnam Municipal Opportunities Trust (NYSE:PMO) Share Price Passes Below 50 Day Moving Average of $10.02

Putnam Municipal Opportunities Trust (NYSE:PMO) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.02 and traded as low as $9.73. Putnam Municipal Opportunities Trust shares last traded at $9.84, with a volume of 86,190 shares changing hands.

Putnam Municipal Opportunities Trust Trading Up 0.5 %

The company has a fifty day moving average of $10.02 and a two-hundred day moving average of $9.99.

Putnam Municipal Opportunities Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be issued a $0.035 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 4.27%.

Institutional Trading of Putnam Municipal Opportunities Trust

A number of institutional investors have recently bought and sold shares of the company. Integrated Capital Management Inc. bought a new stake in shares of Putnam Municipal Opportunities Trust in the 1st quarter valued at $169,000. Park Avenue Securities LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the first quarter valued at about $1,177,000. Nomura Holdings Inc. acquired a new stake in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at about $136,000. Robinson Capital Management LLC boosted its holdings in Putnam Municipal Opportunities Trust by 41.6% in the fourth quarter. Robinson Capital Management LLC now owns 902,947 shares of the financial services provider’s stock worth $9,273,000 after acquiring an additional 265,274 shares in the last quarter. Finally, Fiera Capital Corp acquired a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter worth approximately $6,196,000. Institutional investors own 20.40% of the company’s stock.

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.