Raymond James & Associates increased its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 15.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 159,403 shares of the financial services provider’s stock after acquiring an additional 21,894 shares during the period. Raymond James & Associates’ holdings in Putnam Municipal Opportunities Trust were worth $1,790,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC increased its stake in shares of Putnam Municipal Opportunities Trust by 19.5% during the fourth quarter. Capital Investment Advisors LLC now owns 187,263 shares of the financial services provider’s stock worth $2,103,000 after purchasing an additional 30,523 shares during the period. AJ Wealth Strategies LLC bought a new position in shares of Putnam Municipal Opportunities Trust during the third quarter worth approximately $183,000. Advisors Asset Management Inc. increased its stake in shares of Putnam Municipal Opportunities Trust by 10.6% during the fourth quarter. Advisors Asset Management Inc. now owns 210,160 shares of the financial services provider’s stock worth $2,360,000 after purchasing an additional 20,165 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Putnam Municipal Opportunities Trust by 539.7% during the third quarter. PNC Financial Services Group Inc. now owns 16,965 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 14,313 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Putnam Municipal Opportunities Trust by 339.0% during the third quarter. Wells Fargo & Company MN now owns 731,085 shares of the financial services provider’s stock worth $8,348,000 after purchasing an additional 564,544 shares during the period. Institutional investors and hedge funds own 22.87% of the company’s stock.

Shares of NYSE PMO opened at $12.20 on Tuesday. Putnam Municipal Opportunities Trust has a 1-year low of $10.85 and a 1-year high of $12.30.

The company also recently announced a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 22nd will be paid a dividend of $0.0531 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.22%.

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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.

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Institutional Ownership by Quarter for Putnam Municipal Opportunities Trust (NYSE:PMO)

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