Raymond James Financial Services Advisors Inc. Reduces Stake in Putnam Municipal Opportunities Trust (NYSE:PMO)

Raymond James Financial Services Advisors Inc. lessened its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 16.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,777 shares of the financial services provider’s stock after selling 10,530 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.16% of Putnam Municipal Opportunities Trust worth $560,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in Putnam Municipal Opportunities Trust by 31.8% during the 4th quarter. Raymond James & Associates now owns 215,399 shares of the financial services provider’s stock worth $2,204,000 after buying an additional 51,948 shares during the last quarter. Moody National Bank Trust Division purchased a new position in Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $119,000. Financial Network Wealth Management LLC purchased a new position in Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $115,000. Comerica Bank purchased a new position in Putnam Municipal Opportunities Trust during the 3rd quarter worth approximately $41,000. Finally, Creative Planning purchased a new position in Putnam Municipal Opportunities Trust during the 3rd quarter worth approximately $131,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Trading Down 0.1 %

Shares of PMO stock opened at $9.83 on Friday. The business’s 50 day moving average is $10.17 and its two-hundred day moving average is $9.93. Putnam Municipal Opportunities Trust has a twelve month low of $8.57 and a twelve month high of $10.57.

Putnam Municipal Opportunities Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 24th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $0.42 annualized dividend and a dividend yield of 4.27%.

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.