Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC boosted its stake in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 17.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,629 shares of the financial services provider’s stock after acquiring an additional 5,836 shares during the quarter. Cyndeo Wealth Partners LLC owned about 0.12% of Putnam Municipal Opportunities Trust worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Integrated Capital Management Inc. lifted its position in Putnam Municipal Opportunities Trust by 10.5% during the 4th quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 1,932 shares during the period. Avior Wealth Management LLC lifted its position in Putnam Municipal Opportunities Trust by 23.1% during the 3rd 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. Moors & Cabot Inc. lifted its position in Putnam Municipal Opportunities Trust by 18.2% during the 3rd quarter. Moors & Cabot Inc. now owns 16,853 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 2,600 shares during the period. Stifel Financial Corp lifted its position in Putnam Municipal Opportunities Trust by 9.3% during the 3rd quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 3,040 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in Putnam Municipal Opportunities Trust by 4.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 139,457 shares of the financial services provider’s stock worth $1,520,000 after acquiring an additional 5,697 shares during the period. 20.40% of the stock is owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Price Performance

PMO opened at $10.29 on Friday. The business has a 50 day simple moving average of $10.34 and a 200-day simple moving average of $10.47. Putnam Municipal Opportunities Trust has a 12 month low of $9.69 and a 12 month high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.42 annualized dividend and a dividend yield of 4.08%.

Putnam Municipal Opportunities Trust 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.