Putnam Municipal Opportunities Trust (NYSE:PMO) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Putnam Municipal Opportunities Trust (NYSE:PMO)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.64 and traded as low as $10.31. Putnam Municipal Opportunities Trust shares last traded at $10.36, with a volume of 75,465 shares traded.

Putnam Municipal Opportunities Trust Price Performance

The business has a 50-day moving average of $10.64 and a 200 day moving average of $10.35.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Friday, November 22nd.

Institutional Trading of Putnam Municipal Opportunities Trust

Several hedge funds have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC bought a new position in Putnam Municipal Opportunities Trust in the 2nd quarter worth approximately $62,000. Avior Wealth Management LLC boosted its holdings in shares of Putnam Municipal Opportunities Trust by 23.1% in the third 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 period. Fortitude Family Office LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the third quarter worth $134,000. International Assets Investment Management LLC raised its stake in shares of Putnam Municipal Opportunities Trust by 1,000.7% during the 3rd quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 11,768 shares during the period. Finally, Cetera Advisors LLC bought a new stake in shares of Putnam Municipal Opportunities Trust during the 1st quarter valued at $155,000. 20.40% of the stock is currently owned by institutional investors.

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.