Cresset Asset Management LLC Decreases Stock Position in Putnam Municipal Opportunities Trust (NYSE:PMO)

Cresset Asset Management LLC lessened its stake in Putnam Municipal Opportunities Trust (NYSE:PMO) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,300 shares of the financial services provider’s stock after selling 1,600 shares during the quarter. Cresset Asset Management LLC owned about 0.06% of Putnam Municipal Opportunities Trust worth $206,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PMO. Citadel Advisors LLC boosted its holdings in Putnam Municipal Opportunities Trust by 9.5% in the 4th quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 1,059 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at approximately $140,000. Avior Wealth Management LLC raised its position in shares of Putnam Municipal Opportunities Trust by 28.7% in the 4th quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 3,426 shares in the last quarter. Generation Capital Management LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at approximately $232,000. Finally, Jane Street Group LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at approximately $318,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Up 0.0%

Shares of PMO opened at $10.14 on Monday. The business’s 50 day moving average is $9.97 and its two-hundred day moving average is $10.27. Putnam Municipal Opportunities Trust has a 52-week low of $9.34 and a 52-week high of $10.96.

Putnam Municipal Opportunities Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a $0.0393 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.65%. This is a positive change from Putnam Municipal Opportunities Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, May 19th.

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.