HighTower Advisors LLC Acquires New Holdings in Putnam Municipal Opportunities Trust (NYSE:PMO)

HighTower Advisors LLC purchased a new position in Putnam Municipal Opportunities Trust (NYSE:PMO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 25,095 shares of the financial services provider’s stock, valued at approximately $267,000. HighTower Advisors LLC owned about 0.08% of Putnam Municipal Opportunities Trust at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PMO. International Assets Investment Management LLC increased its holdings in Putnam Municipal Opportunities Trust by 1,000.7% during the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock valued at $141,000 after buying an additional 11,768 shares during the last quarter. Pathstone Holdings LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust in the 3rd quarter worth $3,898,000. Rothschild Investment LLC bought a new position in Putnam Municipal Opportunities Trust in the 2nd quarter worth $2,000,000. Rockefeller Capital Management L.P. grew its holdings in Putnam Municipal Opportunities Trust by 4.3% during the third quarter. Rockefeller Capital Management L.P. now owns 139,457 shares of the financial services provider’s stock valued at $1,520,000 after purchasing an additional 5,697 shares during the period. Finally, Logan Stone Capital LLC increased its position in Putnam Municipal Opportunities Trust by 19.8% in the second quarter. Logan Stone Capital LLC now owns 80,343 shares of the financial services provider’s stock worth $824,000 after buying an additional 13,267 shares in the last quarter. Institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Price Performance

Shares of NYSE PMO opened at $10.11 on Tuesday. Putnam Municipal Opportunities Trust has a 1 year low of $9.69 and a 1 year high of $10.96. The firm has a fifty day moving average price of $10.51 and a 200-day moving average price of $10.48.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 23rd will be paid a $0.035 dividend. The ex-dividend date is Monday, December 23rd. This represents a $0.42 annualized dividend and a yield of 4.15%.

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.