Bison Wealth LLC Invests $292,000 in Putnam Municipal Opportunities Trust (NYSE:PMO)

Bison Wealth LLC bought a new stake in Putnam Municipal Opportunities Trust (NYSE:PMO) in the 4th quarter, HoldingsChannel reports. The fund bought 28,498 shares of the financial services provider’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also bought and sold shares of PMO. UMB Bank n.a. purchased a new stake in shares of Putnam Municipal Opportunities Trust during the 4th quarter valued at $28,000. Comerica Bank acquired a new position in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at $41,000. Financial Network Wealth Management LLC purchased a new position in Putnam Municipal Opportunities Trust in the 4th quarter worth $115,000. Moody National Bank Trust Division acquired a new stake in Putnam Municipal Opportunities Trust during the 4th quarter worth about $119,000. Finally, Creative Planning acquired a new stake in Putnam Municipal Opportunities Trust during the 3rd quarter worth about $131,000. 20.40% of the stock is owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust Price Performance

Shares of PMO stock opened at $9.79 on Wednesday. Putnam Municipal Opportunities Trust has a fifty-two week low of $8.57 and a fifty-two week high of $10.57. The stock’s 50-day simple moving average is $10.19 and its 200-day simple moving average is $9.93.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 24th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.42 annualized dividend and a yield of 4.29%.

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.