Nomura Holdings Inc. Increases Holdings in Putnam Municipal Opportunities Trust (NYSE:PMO)

Nomura Holdings Inc. lifted its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 172.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,972 shares of the financial services provider’s stock after buying an additional 18,975 shares during the period. Nomura Holdings Inc.’s holdings in Putnam Municipal Opportunities Trust were worth $304,000 as of its most recent SEC filing.

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

Putnam Municipal Opportunities Trust Stock Performance

PMO opened at $9.86 on Friday. The stock’s 50 day simple moving average is $9.93 and its 200 day simple moving average is $10.26. Putnam Municipal Opportunities Trust has a 1 year low of $9.34 and a 1 year high of $10.96.

Putnam Municipal Opportunities Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.0393 per share. This represents a $0.47 annualized dividend and a yield of 4.79%. This is a positive change from Putnam Municipal Opportunities Trust’s previous monthly dividend of $0.04. The ex-dividend date 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.