Robinson Capital Management LLC reduced its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 11.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 459,586 shares of the financial services provider’s stock after selling 56,662 shares during the period. Putnam Municipal Opportunities Trust accounts for 2.5% of Robinson Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding. Robinson Capital Management LLC’s holdings in Putnam Municipal Opportunities Trust were worth $5,745,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. MML Investors Services LLC grew its holdings in shares of Putnam Municipal Opportunities Trust by 13.6% during the 2nd quarter. MML Investors Services LLC now owns 20,001 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 2,399 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Putnam Municipal Opportunities Trust by 12.8% in the 2nd quarter. Wedbush Securities Inc. now owns 28,090 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 3,198 shares during the last quarter. First Allied Advisory Services Inc. lifted its stake in shares of Putnam Municipal Opportunities Trust by 19.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 33,067 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 5,350 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust in the 2nd quarter valued at $179,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Putnam Municipal Opportunities Trust by 7.1% in the 2nd quarter. Wells Fargo & Company MN now owns 264,612 shares of the financial services provider’s stock valued at $3,308,000 after purchasing an additional 17,611 shares during the last quarter. Institutional investors and hedge funds own 13.62% of the company’s stock.

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Putnam Municipal Opportunities Trust (NYSE PMO) traded down 0.24% during midday trading on Friday, hitting $12.63. 42,792 shares of the company traded hands. The stock’s 50-day moving average is $12.64 and its 200-day moving average is $12.41. Putnam Municipal Opportunities Trust has a 12-month low of $11.57 and a 12-month high of $13.52.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 24th will be given a dividend of $0.0541 per share. This represents a $0.65 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, October 23rd.

About Putnam Municipal Opportunities Trust

Putnam Municipal Opportunities Trust (The Fund) is a diversified, closed-end fund. The Fund offers a dividend reinvestment plan. The fund seeks to provide as high a level of current income free from federal income tax. The Fund intends to achieve its objective by investing in a portfolio of investment-grade and some below investment-grade municipal bonds selected by Putnam Investment Management, LLC (Putnam Management).

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

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