Putnam Municipal Opportunities Trust (NYSE:PMO) Share Price Crosses Above Fifty Day Moving Average of $10.13

Putnam Municipal Opportunities Trust (NYSE:PMO)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.13 and traded as high as $10.33. Putnam Municipal Opportunities Trust shares last traded at $10.32, with a volume of 60,119 shares trading hands.

Putnam Municipal Opportunities Trust Price Performance

The business’s 50-day moving average is $10.13 and its two-hundred day moving average is $10.14.

Putnam Municipal Opportunities Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 24th will be given a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Wednesday, July 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PMO. UMB Bank n.a. bought a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at about $28,000. Moody National Bank Trust Division bought a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at about $119,000. Summit Trail Advisors LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at about $128,000. Simon Quick Advisors LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at about $135,000. Finally, Nomura Holdings Inc. bought a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at about $136,000. 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.