Landscape Capital Management L.L.C. Sells 69,074 Shares of Putnam Municipal Opportunities Trust (NYSE:PMO)

Landscape Capital Management L.L.C. lessened its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 61.2% in the third quarter, Holdings Channel.com reports. The firm owned 43,792 shares of the financial services provider’s stock after selling 69,074 shares during the period. Landscape Capital Management L.L.C.’s holdings in Putnam Municipal Opportunities Trust were worth $477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Moors & Cabot Inc. boosted its position in shares of Putnam Municipal Opportunities Trust by 18.2% during the third quarter. Moors & Cabot Inc. now owns 16,853 shares of the financial services provider’s stock worth $184,000 after buying an additional 2,600 shares during the period. Avior Wealth Management LLC boosted its position in Putnam Municipal Opportunities Trust by 23.1% during the 3rd quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 2,238 shares during the last quarter. Pathstone Holdings LLC bought a new position in shares of Putnam Municipal Opportunities Trust during the 3rd quarter worth approximately $3,898,000. Wolverine Asset Management LLC raised 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 during the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust in the third quarter valued at approximately $134,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

Shares of PMO opened at $10.36 on Friday. Putnam Municipal Opportunities Trust has a 12 month low of $9.69 and a 12 month high of $10.96. The firm has a fifty day simple moving average of $10.62 and a 200 day simple moving average of $10.40.

Putnam Municipal Opportunities Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, November 22nd.

Putnam Municipal Opportunities Trust 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.